Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 91.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,542 shares of the real estate investment trust's stock after purchasing an additional 5,034 shares during the period. Oppenheimer & Co. Inc.'s holdings in Alexandria Real Estate Equities were worth $975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the period. Cary Street Partners Financial LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at $50,000. Finally, True Wealth Design LLC increased its stake in Alexandria Real Estate Equities by 663.5% during the fourth quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 564 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $73.29 on Monday. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $130.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The firm has a market capitalization of $12.68 billion, a price-to-earnings ratio of 96.43, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25. The business has a 50 day simple moving average of $72.40 and a 200 day simple moving average of $87.18.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The company had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The firm's quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.35 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.20%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

Analyst Ratings Changes

ARE has been the subject of several research reports. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. dropped their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $116.00.

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.

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