Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 22.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,836 shares of the real estate investment trust’s stock after buying an additional 1,088 shares during the quarter. Freedom Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 109 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Alexandria Real Estate Equities in the third quarter valued at approximately $43,000. Spire Wealth Management boosted its stake in Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 250 shares during the period. Versant Capital Management Inc grew its holdings 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 valued at $73,000 after purchasing an additional 421 shares during the last quarter. Finally, Sherman Asset Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $75,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price objective for the company. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Wedbush reissued 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. Finally, JMP Securities restated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $118.60.

Alexandria Real Estate Equities Price Performance

NYSE ARE opened at $77.76 on Monday. The firm has a market capitalization of $13.45 billion, a PE ratio of 43.20, a P/E/G 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, Inc. has a 12 month low of $71.57 and a 12 month high of $130.14. The company’s 50 day simple moving average is $92.31 and its 200 day simple moving average is $100.93.

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 (EPS) for the quarter, beating the consensus estimate 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%. As a group, equities research 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.79%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 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.