PNC Financial Services Group Inc. Boosts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

PNC Financial Services Group Inc. increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 17.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 146,300 shares of the real estate investment trust's stock after buying an additional 21,697 shares during the period. PNC Financial Services Group Inc. owned 0.08% of Alexandria Real Estate Equities worth $17,373,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARE. O Shaughnessy Asset Management LLC boosted its position in Alexandria Real Estate Equities by 75.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,683 shares of the real estate investment trust's stock valued at $604,000 after buying an additional 2,009 shares during the period. American International Group Inc. raised its holdings in Alexandria Real Estate Equities by 0.4% in the first quarter. American International Group Inc. now owns 41,313 shares of the real estate investment trust's stock worth $5,326,000 after purchasing an additional 176 shares in the last quarter. Toronto Dominion Bank raised its holdings in Alexandria Real Estate Equities by 18.8% in the first quarter. Toronto Dominion Bank now owns 89,774 shares of the real estate investment trust's stock worth $11,573,000 after purchasing an additional 14,180 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Alexandria Real Estate Equities by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 315,837 shares of the real estate investment trust's stock worth $40,715,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in Alexandria Real Estate Equities in the first quarter worth $629,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ARE shares. Wedbush dropped their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. JMP Securities decreased their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating for the company in a report on Friday, November 15th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Citigroup lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $127.30.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded up $2.41 during mid-day trading on Friday, reaching $108.30. The company had a trading volume of 1,308,487 shares, compared to its average volume of 999,040. The company has a 50 day moving average of $115.57 and a 200-day moving average of $117.38. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 66.04, a PEG ratio of 3.91 and a beta of 1.16. 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 quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.26 EPS. On average, sell-side analysts expect 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 given 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 4.80%. Alexandria Real Estate Equities's dividend payout ratio is 317.07%.

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.