Quantinno Capital Management LP Purchases 63,554 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quantinno Capital Management LP grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 265.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,481 shares of the real estate investment trust’s stock after buying an additional 63,554 shares during the quarter. Quantinno Capital Management LP’s holdings in Alexandria Real Estate Equities were worth $8,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust’s stock worth $113,602,000 after buying an additional 798,438 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $968,000. Hahn Capital Management LLC lifted its position in shares of Alexandria Real Estate Equities by 50.4% during the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust’s stock worth $6,669,000 after buying an additional 22,926 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 5.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust’s stock worth $88,140,000 after buying an additional 42,825 shares in the last quarter. Finally, Allstate Corp bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $2,008,000. Institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ARE. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Stock Up 0.6%

Alexandria Real Estate Equities stock opened at $71.44 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $70.15 and a 1-year high of $130.14. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 39.69, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a 50 day simple moving average of $82.98 and a 200 day simple moving average of $95.47.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. During the same period in the previous year, the business earned $2.35 EPS. Alexandria Real Estate Equities’s revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.39%. Alexandria Real Estate Equities’s dividend payout ratio is 694.74%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.