Rhumbline Advisers Purchases 32,608 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Rhumbline Advisers increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,331 shares of the real estate investment trust's stock after acquiring an additional 32,608 shares during the quarter. Rhumbline Advisers owned about 0.19% of Alexandria Real Estate Equities worth $30,744,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. increased its stake in shares of Alexandria Real Estate Equities by 4.3% in the first quarter. Cascade Investment Advisors Inc. now owns 11,845 shares of the real estate investment trust's stock worth $1,096,000 after purchasing an additional 490 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 25.7% during the 1st quarter. Parallel Advisors LLC now owns 1,716 shares of the real estate investment trust's stock valued at $159,000 after buying an additional 351 shares in the last quarter. Tompkins Financial Corp bought a new position in Alexandria Real Estate Equities in the 1st quarter worth $83,000. GAMMA Investing LLC increased its stake in Alexandria Real Estate Equities by 9,051.1% in the 1st quarter. GAMMA Investing LLC now owns 169,478 shares of the real estate investment trust's stock worth $15,678,000 after buying an additional 167,626 shares in the last quarter. Finally, Agate Pass Investment Management LLC purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth $375,000. Institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

ARE has been the topic of a number of research analyst reports. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $116.00.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE traded up $1.02 during mid-day trading on Friday, hitting $70.57. 1,144,621 shares of the company's stock traded hands, compared to its average volume of 1,303,170. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The company's 50-day moving average is $74.93 and its two-hundred day moving average is $91.27. The company has a market capitalization of $12.21 billion, a P/E ratio of 39.21, a PEG ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.35 earnings per share. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) 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.