Bank of Montreal Can Raises Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of Montreal Can increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 15.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 361,412 shares of the real estate investment trust's stock after acquiring an additional 48,622 shares during the quarter. Bank of Montreal Can owned about 0.21% of Alexandria Real Estate Equities worth $43,738,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Capital Square LLC increased its holdings in Alexandria Real Estate Equities by 2.1% in the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock worth $690,000 after acquiring an additional 118 shares during the last quarter. Private Trust Co. NA grew its holdings in Alexandria Real Estate Equities by 113.6% during the 3rd quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust's stock valued at $71,000 after buying an additional 317 shares in the last quarter. Truvestments Capital LLC grew its holdings in Alexandria Real Estate Equities by 3.3% during the 3rd quarter. Truvestments Capital LLC now owns 22,676 shares of the real estate investment trust's stock valued at $2,693,000 after buying an additional 733 shares in the last quarter. Loomis Sayles & Co. L P grew its holdings in Alexandria Real Estate Equities by 3,129.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock valued at $65,000 after buying an additional 532 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in Alexandria Real Estate Equities by 64.1% during the 3rd quarter. Cerity Partners LLC now owns 54,343 shares of the real estate investment trust's stock valued at $6,453,000 after buying an additional 21,237 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Down 0.3 %

ARE stock traded down $0.29 during midday trading on Friday, hitting $110.23. The company had a trading volume of 715,069 shares, compared to its average volume of 1,003,346. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45. The stock's 50 day moving average price is $114.57 and its 200 day moving average price is $117.14. The stock has a market cap of $19.26 billion, a price-to-earnings ratio of 67.39, a PEG ratio of 4.14 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 (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million for the quarter, compared to analysts' expectations of $766.97 million. During the same period last year, the firm posted $2.26 earnings per share. Alexandria Real Estate Equities's quarterly revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.72%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 317.07%.

Analyst Ratings Changes

ARE has been the subject of a number of recent analyst reports. Wedbush reduced their target price on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and dropped their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Robert W. Baird dropped their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Finally, Jefferies Financial Group downgraded 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 report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $126.73.

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.