Mackenzie Financial Corp Purchases 2,133 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Mackenzie Financial Corp boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 17.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 14,270 shares of the real estate investment trust’s stock after buying an additional 2,133 shares during the period. Mackenzie Financial Corp’s holdings in Alexandria Real Estate Equities were worth $2,070,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ARE. JPMorgan Chase & Co. lifted its holdings in Alexandria Real Estate Equities by 45.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,417,362 shares of the real estate investment trust’s stock valued at $888,995,000 after purchasing an additional 1,383,240 shares during the last quarter. State Street Corp lifted its holdings in Alexandria Real Estate Equities by 13.6% during the 1st quarter. State Street Corp now owns 10,367,269 shares of the real estate investment trust’s stock valued at $2,097,960,000 after purchasing an additional 1,238,751 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Alexandria Real Estate Equities by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 24,897,323 shares of the real estate investment trust’s stock valued at $5,010,585,000 after purchasing an additional 1,114,118 shares during the last quarter. Parnassus Investments LLC lifted its holdings in Alexandria Real Estate Equities by 41.1% during the 1st quarter. Parnassus Investments LLC now owns 3,459,409 shares of the real estate investment trust’s stock valued at $696,206,000 after purchasing an additional 1,008,054 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in Alexandria Real Estate Equities by 188.7% during the 1st quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock valued at $269,938,000 after purchasing an additional 876,725 shares during the last quarter. 91.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ARE. Mizuho raised their price objective on shares of Alexandria Real Estate Equities from $172.00 to $178.00 and gave the company a “buy” rating in a research report on Monday, September 12th. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $194.00 to $182.00 and set an “outperform” rating for the company in a research report on Tuesday, September 27th. JMP Securities restated a “buy” rating and issued a $180.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, October 6th. Finally, StockNews.com began coverage on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 12th. They issued a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.67.

Alexandria Real Estate Equities Stock Up 1.9 %

Shares of NYSE:ARE opened at $152.68 on Wednesday. Alexandria Real Estate Equities, Inc. has a one year low of $126.74 and a one year high of $224.95. The company has a 50 day moving average of $142.17 and a 200-day moving average of $150.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market cap of $25.05 billion, a price-to-earnings ratio of 46.41, a P/E/G ratio of 2.31 and a beta of 0.91.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.01). Alexandria Real Estate Equities had a return on equity of 3.03% and a net margin of 21.73%. The business had revenue of $659.90 million for the quarter, compared to analyst estimates of $657.48 million. During the same quarter in the prior year, the firm earned $1.95 EPS. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date was Thursday, September 29th. Alexandria Real Estate Equities’s dividend payout ratio is currently 143.47%.

About Alexandria Real Estate Equities

(Get Rating)

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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