Mirae Asset Global Investments Co. Ltd. Raises Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mirae Asset Global Investments Co. Ltd. grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 27,729 shares of the real estate investment trust’s stock after buying an additional 2,402 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Alexandria Real Estate Equities were worth $3,356,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Alexandria Real Estate Equities by 14.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock worth $36,331,000 after acquiring an additional 34,854 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Alexandria Real Estate Equities by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after acquiring an additional 9,187 shares during the period. Norden Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the first quarter worth approximately $963,000. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after acquiring an additional 156,643 shares during the period. Finally, SG Americas Securities LLC grew its stake in shares of Alexandria Real Estate Equities by 301.6% in the first quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock worth $9,248,000 after acquiring an additional 53,877 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

ARE opened at $111.65 on Wednesday. The firm has a market cap of $19.53 billion, a P/E ratio of 104.35, a PEG ratio of 3.99 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a 50 day simple moving average of $119.05 and a two-hundred day simple moving average of $118.42. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.26 earnings per share. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.66%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ARE shares. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Wedbush cut their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $131.22.

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.