Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,737 shares of the real estate investment trust's stock after purchasing an additional 9,400 shares during the quarter. Van ECK Associates Corp's holdings in Alexandria Real Estate Equities were worth $9,081,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock valued at $3,452,814,000 after buying an additional 156,643 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust's stock valued at $476,455,000 after buying an additional 35,216 shares during the period. M&G Plc boosted its holdings in shares of Alexandria Real Estate Equities by 4.9% during the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust's stock worth $194,114,000 after purchasing an additional 77,686 shares during the period. Pathway Financial Advisers LLC increased its position in Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust's stock valued at $122,934,000 after acquiring an additional 10,576 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE traded down $0.38 during mid-day trading on Thursday, reaching $112.66. 276,567 shares of the company traded hands, compared to its average volume of 986,715. The firm has a market cap of $19.69 billion, a PE ratio of 68.89, a PEG ratio of 4.15 and a beta of 1.16. 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 company's 50 day moving average price is $118.23 and its 200-day moving average price is $118.23. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.17 and a 52 week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the prior year, the business earned $2.26 earnings per share. The firm's quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.62%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 317.07%.

Analyst Ratings Changes

Several research firms have weighed in on ARE. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Citigroup downgraded 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, Bank of America lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and an average target price of $131.22.

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.