Bayhunt Capital LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 140,428 shares of the real estate investment trust’s stock, valued at approximately $6,873,000. Alexandria Real Estate Equities accounts for approximately 3.8% of Bayhunt Capital LLC’s investment portfolio, making the stock its 14th biggest position. Bayhunt Capital LLC owned 0.08% of Alexandria Real Estate Equities as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. IFM Investors Pty Ltd lifted its holdings in shares of Alexandria Real Estate Equities by 0.3% during the third quarter. IFM Investors Pty Ltd now owns 58,544 shares of the real estate investment trust’s stock worth $4,909,000 after purchasing an additional 150 shares during the period. Kaufman Rossin Wealth LLC lifted its holdings in Alexandria Real Estate Equities by 6.3% in the third quarter. Kaufman Rossin Wealth LLC now owns 2,954 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 174 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alexandria Real Estate Equities by 0.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after acquiring an additional 198 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Alexandria Real Estate Equities by 17.4% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 1,371 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 203 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Alexandria Real Estate Equities by 17.4% in the third quarter. UMB Bank n.a. now owns 1,385 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 205 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.
Alexandria Real Estate Equities Trading Down 3.2%
Alexandria Real Estate Equities stock opened at $42.59 on Friday. The stock has a market cap of $7.37 billion, a PE ratio of -5.05, a P/E/G ratio of 5.15 and a beta of 1.33. The stock has a 50-day moving average price of $50.32 and a 200 day moving average price of $56.07. Alexandria Real Estate Equities, Inc. has a 52 week low of $41.44 and a 52 week high of $88.24. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65.
Alexandria Real Estate Equities Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a dividend yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio is currently -34.12%.
Insider Activity at Alexandria Real Estate Equities
In related news, Chairman Joel S. Marcus acquired 25,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was bought at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the purchase, the chairman directly owned 562,724 shares in the company, valued at $30,342,078.08. The trade was a 4.65% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have commented on ARE. JPMorgan Chase & Co. reduced their target price on Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. BMO Capital Markets reissued a “market perform” rating and issued a $52.00 target price (down from $65.00) on shares of Alexandria Real Estate Equities in a report on Wednesday, March 25th. Mizuho cut their price target on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price target on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Finally, Jefferies Financial Group lifted their price target on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $64.33.
Read Our Latest Research Report on Alexandria Real Estate Equities
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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