Oak Thistle LLC Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oak Thistle LLC increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 85.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,538 shares of the real estate investment trust's stock after acquiring an additional 11,317 shares during the period. Oak Thistle LLC's holdings in Alexandria Real Estate Equities were worth $2,270,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $1,605,426,000. JPMorgan Chase & Co. boosted its holdings in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock worth $806,337,000 after buying an additional 5,624,163 shares during the period. Geode Capital Management LLC boosted its holdings in Alexandria Real Estate Equities by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock worth $402,450,000 after buying an additional 96,771 shares during the period. Capital World Investors bought a new position in Alexandria Real Estate Equities in the 4th quarter worth approximately $326,959,000. Finally, Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after purchasing an additional 1,037,413 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ARE shares. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Mizuho cut their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. BNP Paribas Exane cut their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Royal Bank Of Canada cut their price target on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a report on Monday, May 12th. Finally, Citigroup cut their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $99.54.

Alexandria Real Estate Equities Trading Up 0.3%

Alexandria Real Estate Equities stock traded up $0.28 during trading hours on Friday, hitting $82.33. The company had a trading volume of 1,801,698 shares, compared to its average volume of 1,605,392. The firm has a market cap of $14.24 billion, a P/E ratio of -633.27, a P/E/G ratio of 6.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.22 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The company has a 50-day moving average price of $73.90 and a two-hundred day moving average price of $84.58.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the previous year, the business posted $2.36 EPS. Alexandria Real Estate Equities's revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.41%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

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.