MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,483 shares of the real estate investment trust’s stock after buying an additional 454 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Alexandria Real Estate Equities were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Merit Financial Group LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $228,000. Exchange Traded Concepts LLC boosted its holdings in Alexandria Real Estate Equities by 4.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,241 shares of the real estate investment trust’s stock valued at $511,000 after acquiring an additional 228 shares during the last quarter. Fifth Third Bancorp grew its position in Alexandria Real Estate Equities by 16.0% during the fourth quarter. Fifth Third Bancorp now owns 13,669 shares of the real estate investment trust’s stock valued at $1,333,000 after acquiring an additional 1,883 shares during the period. Geneos Wealth Management Inc. grew its position in Alexandria Real Estate Equities by 7.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 32,532 shares of the real estate investment trust’s stock valued at $3,173,000 after acquiring an additional 2,319 shares during the period. Finally, Blue Trust Inc. increased its stake in Alexandria Real Estate Equities by 16.3% during the fourth quarter. Blue Trust Inc. now owns 2,790 shares of the real estate investment trust’s stock worth $272,000 after acquiring an additional 391 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Wall Street Zen raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday, May 20th. JMP Securities reaffirmed a “market outperform” rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Wedbush reissued a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Down 1.1%

Shares of Alexandria Real Estate Equities stock opened at $67.88 on Monday. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14. The company has a market capitalization of $11.74 billion, a PE ratio of 37.71, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The business has a 50-day moving average of $79.63 and a 200-day moving average of $93.47.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 return on equity of 1.43% and a net margin of 10.36%. The firm had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the firm earned $2.35 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.78%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is currently 694.74%.

About Alexandria Real Estate Equities

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.