Healthcare of Ontario Pension Plan Trust Fund Purchases 53,700 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 81.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 120,000 shares of the real estate investment trust's stock after acquiring an additional 53,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.07% of Alexandria Real Estate Equities worth $14,250,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of recent analyst reports. JMP Securities cut their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research note on Friday, November 15th. Citigroup downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $133.00 to $121.00 in a research note on Wednesday. Finally, Jefferies Financial Group lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price target for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $126.73.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $0.35 during trading on Friday, reaching $110.17. 715,273 shares of the company traded hands, compared to its average volume of 1,003,347. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The company has a market cap of $19.25 billion, a price-to-earnings ratio of 67.18, a P/E/G ratio of 4.14 and a beta of 1.16. The stock's 50 day moving average price is $114.35 and its two-hundred day moving average price is $117.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20.

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 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter last year, the business earned $2.26 EPS. Alexandria Real Estate Equities's quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

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

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.