Raymond James Financial Inc. Purchases New Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Raymond James Financial Inc. acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, HoldingsChannel reports. The fund acquired 350,282 shares of the real estate investment trust’s stock, valued at approximately $34,170,000.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $1,605,426,000. JPMorgan Chase & Co. lifted its position in shares of Alexandria Real Estate Equities by 212.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock worth $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust’s stock valued at $402,450,000 after purchasing an additional 96,771 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust’s stock worth $240,577,000 after purchasing an additional 15,285 shares during the last quarter. Finally, PGGM Investments increased its stake in Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after buying an additional 932,956 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

ARE has been the subject of several research reports. 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. Wedbush restated a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group began 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 on the stock. Finally, JMP Securities reissued a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Stock Down 2.5 %

Alexandria Real Estate Equities stock opened at $77.17 on Thursday. The business has a fifty day moving average price of $93.01 and a 200-day moving average price of $101.69. Alexandria Real Estate Equities, Inc. has a 1-year low of $71.57 and a 1-year high of $130.14. The stock has a market capitalization of $13.35 billion, a price-to-earnings ratio of 42.87, a PEG ratio of 3.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.32 per share. The ex-dividend date was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 6.84%. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.

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.