Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 173.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,799 shares of the real estate investment trust's stock after acquiring an additional 6,846 shares during the quarter. Infrastructure Capital Advisors LLC's holdings in Alexandria Real Estate Equities were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter worth about $30,000. UMB Bank n.a. boosted its stake in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $0.35 during trading hours on Friday, hitting $110.17. 715,273 shares of the company's stock traded hands, compared to its average volume of 1,003,347. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The firm's 50-day moving average is $114.35 and its 200-day moving average is $117.07. Alexandria Real Estate Equities, Inc. has a 52-week low of $102.89 and a 52-week high of $135.45. The company has a market capitalization of $19.25 billion, a PE ratio of 67.18, a PEG ratio of 4.14 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.26 EPS. Equities analysts forecast 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 issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 317.07%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ARE. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $133.00 to $121.00 in a research report on Wednesday. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price target for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Royal Bank of Canada restated a "sector perform" rating and set a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Robert W. Baird decreased their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, JMP Securities cut their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating for the company in a research note on Friday, November 15th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $126.73.

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.