Hudson Bay Capital Management LP Buys Shares of 88,628 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hudson Bay Capital Management LP acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 88,628 shares of the real estate investment trust’s stock, valued at approximately $8,646,000. Hudson Bay Capital Management LP owned 0.05% of Alexandria Real Estate Equities as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. Proficio Capital Partners LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 109 shares during the period. Colonial Trust Co SC raised its stake in shares of Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $50,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $74.21 on Monday. The firm has a market capitalization of $12.84 billion, a P/E ratio of 41.23, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock’s 50-day simple moving average is $85.34 and its two-hundred day simple moving average is $96.37. Alexandria Real Estate Equities, Inc. has a twelve month low of $70.57 and a twelve month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating the consensus estimate of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.35 EPS. As a group, equities analysts anticipate 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 disclosed 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. The ex-dividend date was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.11%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analyst Weigh In

ARE has been the topic of a number of analyst reports. JMP Securities reiterated a “market outperform” rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group initiated coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, April 3rd. Finally, Wedbush restated a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $118.60.

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.