Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by TT Capital Management LLC

TT Capital Management LLC raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1,325.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,896 shares of the real estate investment trust's stock after purchasing an additional 41,746 shares during the period. Alexandria Real Estate Equities accounts for about 3.5% of TT Capital Management LLC's investment portfolio, making the stock its 5th largest position. TT Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $4,153,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its stake in 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 valued at $29,000 after buying an additional 109 shares during the last quarter. Colonial Trust Co SC raised its holdings in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 252 shares during the period. Cary Street Partners Financial LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter worth $50,000. Finally, True Wealth Design LLC lifted its position in Alexandria Real Estate Equities by 663.5% during the 4th quarter. True Wealth Design LLC now owns 649 shares of the real estate investment trust's stock worth $63,000 after acquiring an additional 564 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded down $1.55 during trading hours on Wednesday, hitting $73.82. The stock had a trading volume of 2,026,213 shares, compared to its average volume of 1,350,254. The company has a 50-day moving average of $72.62 and a two-hundred day moving average of $87.94. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $130.14. The company has a market cap of $12.77 billion, a PE ratio of 97.13, a price-to-earnings-growth ratio of 6.35 and a beta of 1.25.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The business 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%. Alexandria Real Estate Equities's revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $1.32 dividend. The ex-dividend date is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.15%. Alexandria Real Estate Equities's payout ratio is presently 694.74%.

Alexandria Real Estate Equities Profile

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.