E Fund Management Co. Ltd. Purchases New Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

E Fund Management Co. Ltd. purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 223 shares of the real estate investment trust’s stock, valued at approximately $37,000.

Other hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank raised its position in Alexandria Real Estate Equities by 3.7% during the first quarter. Toronto Dominion Bank now owns 96,082 shares of the real estate investment trust’s stock valued at $15,786,000 after acquiring an additional 3,401 shares in the last quarter. Victory Capital Management Inc. raised its position in Alexandria Real Estate Equities by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 131,362 shares of the real estate investment trust’s stock valued at $23,411,000 after acquiring an additional 3,628 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Alexandria Real Estate Equities by 2.4% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 66,250 shares of the real estate investment trust’s stock valued at $10,885,000 after acquiring an additional 1,552 shares in the last quarter. Avalon Investment & Advisory raised its position in Alexandria Real Estate Equities by 40.7% during the fourth quarter. Avalon Investment & Advisory now owns 3,321 shares of the real estate investment trust’s stock valued at $592,000 after acquiring an additional 961 shares in the last quarter. Finally, Cigna Investments Inc. New raised its position in Alexandria Real Estate Equities by 5.0% during the first quarter. Cigna Investments Inc. New now owns 4,620 shares of the real estate investment trust’s stock valued at $759,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 87.32% of the company’s stock.

Several research analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Alexandria Real Estate Equities from $195.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, May 24th. Robert W. Baird restated a “buy” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $187.40.

Alexandria Real Estate Equities stock opened at $193.76 on Friday. The stock has a market capitalization of $28.58 billion, a PE ratio of 33.70, a PEG ratio of 3.85 and a beta of 0.72. Alexandria Real Estate Equities, Inc. has a 12 month low of $150.08 and a 12 month high of $193.99. The firm has a 50 day simple moving average of $177.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.31 and a quick ratio of 0.31.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Sunday, April 25th. The real estate investment trust reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($1.81). Alexandria Real Estate Equities had a net margin of 39.49% and a return on equity of 5.90%. The business had revenue of $479.85 million during the quarter, compared to analysts’ expectations of $484.48 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 7.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Wednesday, June 30th will be given a dividend of $1.12 per share. This represents a $4.48 annualized dividend and a dividend yield of 2.31%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.09. The ex-dividend date is Tuesday, June 29th. Alexandria Real Estate Equities’s payout ratio is presently 59.73%.

In related news, CAO Andres Gavinet sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $180.00, for a total transaction of $540,000.00. Following the completion of the sale, the chief accounting officer now directly owns 54,906 shares in the company, valued at $9,883,080. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Richardson sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $166.41, for a total value of $1,664,100.00. Following the sale, the chief executive officer now owns 201,163 shares of the company’s stock, valued at $33,475,534.83. The disclosure for this sale can be found here. Insiders have sold 55,265 shares of company stock valued at $9,675,951 over the last quarter. 1.12% of the stock is owned by company insiders.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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