Healthcare of Ontario Pension Plan Trust Fund Decreases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,300 shares of the real estate investment trust’s stock after selling 4,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Alexandria Real Estate Equities were worth $7,755,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fulton Bank N.A. lifted its stake in Alexandria Real Estate Equities by 4.2% in the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 83 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in Alexandria Real Estate Equities by 1.1% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after buying an additional 93 shares in the last quarter. SPC Financial Inc. lifted its stake in Alexandria Real Estate Equities by 5.4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 103 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 0.4 %

Shares of NYSE ARE opened at $114.90 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a market cap of $20.09 billion, a P/E ratio of 107.38, a P/E/G ratio of 4.26 and a beta of 1.16. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a fifty day moving average price of $118.15 and a 200 day moving average price of $119.50.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.24 earnings per share. Research analysts anticipate 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 will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $1.30 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.53%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of recent analyst reports. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. JMP Securities restated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $151.00 to $126.00 in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $130.70.

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.