4,344 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,344 shares of the real estate investment trust’s stock, valued at approximately $424,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ARE. EverSource Wealth Advisors LLC raised its holdings in 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. Callan Capital LLC increased its position in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 111 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Alexandria Real Estate Equities by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 120 shares during the period. Wedbush Securities Inc. raised its stake in shares of Alexandria Real Estate Equities by 5.8% in the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 126 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Alexandria Real Estate Equities by 0.7% during the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock valued at $1,901,000 after buying an additional 127 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ARE. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 target price on the stock. JMP Securities restated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $118.60.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $73.50 on Friday. The stock has a market capitalization of $12.71 billion, a PE ratio of 40.83, a P/E/G ratio of 3.93 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 1-year low of $70.57 and a 1-year high of $130.14. The business has a 50 day simple moving average of $88.66 and a two-hundred day simple moving average of $98.63. 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 posted its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Alexandria Real Estate Equities’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $2.35 earnings per share. On average, 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.18%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio is 293.33%.

Alexandria Real Estate Equities Company 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.