Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.8% during the third quarter, HoldingsChannel.com reports. The firm owned 85,108 shares of the real estate investment trust’s stock after acquiring an additional 3,135 shares during the period. Whittier Trust Co.’s holdings in Alexandria Real Estate Equities were worth $10,106,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after buying an additional 156,643 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Alexandria Real Estate Equities by 0.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after purchasing an additional 35,216 shares during the period. M&G Plc lifted its stake in shares of Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after purchasing an additional 77,686 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock worth $122,934,000 after purchasing an additional 10,576 shares during the period. Finally, Jennison Associates LLC increased its position in Alexandria Real Estate Equities by 0.7% during the 1st quarter. Jennison Associates LLC now owns 1,017,986 shares of the real estate investment trust’s stock worth $131,229,000 after purchasing an additional 7,043 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARE. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Evercore ISI upped their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Finally, Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $133.22.

Alexandria Real Estate Equities Price Performance

ARE opened at $119.52 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. 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 moving average of $118.96 and a 200-day moving average of $118.83. The company has a market capitalization of $20.90 billion, a P/E ratio of 111.70, a PEG ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. During the same period in the prior year, the business earned $2.24 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.35%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Alexandria Real Estate Equities 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.