Mirae Asset Global Investments Co. Ltd. Has $2.40 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mirae Asset Global Investments Co. Ltd. reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 17.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,133 shares of the real estate investment trust’s stock after selling 5,164 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $2,403,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust’s stock valued at $113,602,000 after acquiring an additional 798,438 shares during the last quarter. ProShare Advisors LLC grew its holdings in Alexandria Real Estate Equities by 53.8% in the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust’s stock valued at $4,187,000 after buying an additional 15,012 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at approximately $968,000. Cetera Investment Advisers grew its holdings in Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust’s stock valued at $2,534,000 after buying an additional 6,741 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Alexandria Real Estate Equities by 33.9% in the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust’s stock valued at $3,581,000 after buying an additional 9,295 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank Of Canada lowered their target price on Alexandria Real Estate Equities from $114.00 to $100.00 in a report on Monday, May 12th. JPMorgan Chase & Co. reduced their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, May 20th. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Finally, Wedbush reduced their price objective on Alexandria Real Estate Equities from $104.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, April 30th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $99.54.

Alexandria Real Estate Equities Trading Up 0.9%

Shares of ARE opened at $76.96 on Friday. The stock has a fifty day moving average price of $72.28 and a two-hundred day moving average price of $86.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $130.14. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 101.26, a PEG ratio of 6.42 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. The firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.32 dividend. The ex-dividend date is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.86%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) 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.