Advocate Group LLC Buys 6,459 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Advocate Group LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 20.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,396 shares of the real estate investment trust's stock after acquiring an additional 6,459 shares during the quarter. Advocate Group LLC's holdings in Alexandria Real Estate Equities were worth $3,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares in the last quarter. Colonial Trust Co SC lifted its holdings in shares of Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 252 shares during the period. Cary Street Partners Financial LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $50,000. True Wealth Design LLC grew its holdings in shares of Alexandria Real Estate Equities by 663.5% in the 4th quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 564 shares during the last quarter. Finally, Sherman Asset Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth about $75,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 3.4%

NYSE ARE traded up $2.48 on Tuesday, reaching $75.40. The company had a trading volume of 2,916,565 shares, compared to its average volume of 1,342,949. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14. The stock's 50 day moving average is $72.70 and its 200-day moving average is $88.03. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 99.21, a PEG ratio of 6.01 and a beta of 1.25.

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 for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the company posted $2.35 EPS. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analysts Forecast Growth

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