Capital Fund Management S.A. Has $8.85 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Capital Fund Management S.A. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 152.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 90,763 shares of the real estate investment trust’s stock after buying an additional 54,878 shares during the period. Capital Fund Management S.A.’s holdings in Alexandria Real Estate Equities were worth $8,854,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter worth approximately $43,000. Spire Wealth Management boosted its stake in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 250 shares during the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 421 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the topic of several recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating on the stock in a research note on Tuesday, December 17th. Wedbush reaffirmed a “neutral” rating and set a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, 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 price objective for the company. 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $76.83 on Friday. The business’s fifty day moving average is $94.08 and its 200 day moving average is $102.44. Alexandria Real Estate Equities, Inc. has a 12-month low of $71.57 and a 12-month high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market cap of $13.30 billion, a P/E ratio of 42.68, a P/E/G ratio of 3.93 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 293.33%.

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.