BNP Paribas Financial Markets Has $61.53 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BNP Paribas Financial Markets boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 44.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 630,780 shares of the real estate investment trust’s stock after purchasing an additional 195,364 shares during the period. BNP Paribas Financial Markets owned about 0.36% of Alexandria Real Estate Equities worth $61,533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $407,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 3,106.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 183,940 shares of the real estate investment trust’s stock valued at $17,943,000 after purchasing an additional 178,204 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 495.8% in the fourth quarter. AQR Capital Management LLC now owns 248,047 shares of the real estate investment trust’s stock valued at $24,108,000 after purchasing an additional 206,412 shares during the period. Lido Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 19.4% during the 4th quarter. Lido Advisors LLC now owns 5,527 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 898 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock worth $250,255,000 after buying an additional 1,037,413 shares during the period. Institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ARE shares. JMP Securities reiterated a “market outperform” rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $71.61 on Wednesday. The company’s 50 day simple moving average is $87.04 and its 200 day simple moving average is $97.46. 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 1 year low of $70.57 and a 1 year high of $130.14. The stock has a market capitalization of $12.39 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to analysts’ expectations of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Alexandria Real Estate Equities’s revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 EPS. As a group, research analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.32 dividend. The ex-dividend date was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.37%. Alexandria Real Estate Equities’s 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.