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

Washington Trust Advisors Inc. raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 35.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,004 shares of the real estate investment trust's stock after acquiring an additional 12,371 shares during the quarter. Washington Trust Advisors Inc.'s holdings in Alexandria Real Estate Equities were worth $5,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $25,000. UMB Bank n.a. grew its holdings in 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 purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $33,000. Global X Japan Co. Ltd. bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $43,000. Finally, M&R Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $0.32 during trading on Friday, reaching $114.04. 876,939 shares of the company's stock traded hands, compared to its average volume of 1,361,834. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.17 and a fifty-two week high of $135.45. The company has a 50-day simple moving average of $118.04 and a 200-day simple moving average of $118.16. The firm has a market cap of $19.93 billion, a PE ratio of 69.54, a P/E/G ratio of 4.23 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm 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%. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.26 earnings per share. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared 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. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.56%. Alexandria Real Estate Equities's dividend payout ratio is currently 317.07%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of analyst reports. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price target for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Bank of America downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price objective for the stock 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $131.10.

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.