TT Capital Management LLC Acquires 41,746 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

TT Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1,325.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,896 shares of the real estate investment trust's stock after purchasing an additional 41,746 shares during the quarter. Alexandria Real Estate Equities makes up approximately 3.5% of TT Capital Management LLC's holdings, making the stock its 5th largest holding. TT Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $4,153,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARE shares. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Wall Street Zen upgraded 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 target 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $116.00.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $1.62 on Monday, reaching $72.99. The company's stock had a trading volume of 1,749,831 shares, compared to its average volume of 1,336,650. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market cap of $12.63 billion, a PE ratio of 96.04, a PEG ratio of 6.01 and a beta of 1.25. The firm's 50 day moving average is $72.83 and its two-hundred day moving average is $88.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued 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 company had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period in the prior year, the company earned $2.35 EPS. Alexandria Real Estate Equities's revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm 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 7.23%. Alexandria Real Estate Equities's dividend payout ratio is 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.