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

Advocate Group LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,396 shares of the real estate investment trust's stock after buying an additional 6,459 shares during the period. Advocate Group LLC's holdings in Alexandria Real Estate Equities were worth $3,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARE. Proficio Capital Partners LLC bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position in shares of 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 valued at $29,000 after buying an additional 109 shares during the period. Colonial Trust Co SC increased its position in shares of 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 last quarter. Cary Street Partners Financial LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $50,000. Finally, True Wealth Design LLC increased its position in shares of Alexandria Real Estate Equities by 663.5% in the fourth 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. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $0.52 on Friday, reaching $71.40. 3,294,902 shares of the company's stock traded hands, compared to its average volume of 1,334,990. The stock has a market cap of $12.35 billion, a PE ratio of 93.95, a P/E/G ratio of 6.01 and a beta of 1.25. 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 stock has a 50-day simple moving average of $72.83 and a 200 day simple moving average of $88.36.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data 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. The firm 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 business's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 earnings per share. As a group, research 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's payout ratio is 694.74%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ARE. 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 report on Tuesday, May 20th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, JMP Securities restated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.