Teamwork Financial Advisors LLC Purchases New Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Teamwork Financial Advisors LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,130 shares of the real estate investment trust's stock, valued at approximately $1,215,000.

Several other hedge funds also recently made changes to their positions in ARE. Spire Wealth Management increased its position in shares of Alexandria Real Estate Equities by 72.5% in the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 250 shares during the period. Fourpath Capital Management LLC grew its stake in Alexandria Real Estate Equities by 59.8% during the fourth quarter. Fourpath Capital Management LLC now owns 5,565 shares of the real estate investment trust's stock worth $543,000 after buying an additional 2,083 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Alexandria Real Estate Equities by 9.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,297 shares of the real estate investment trust's stock valued at $2,973,000 after buying an additional 2,568 shares during the period. Vanderbilt University acquired a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $1,163,000. Finally, Telos Capital Management Inc. lifted its position in shares of Alexandria Real Estate Equities by 26.2% during the 4th quarter. Telos Capital Management Inc. now owns 14,819 shares of the real estate investment trust's stock worth $1,446,000 after buying an additional 3,072 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ARE. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. reduced their price target on 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. 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 reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $116.00.

Alexandria Real Estate Equities Stock Down 1.4%

ARE stock traded down $1.02 during trading on Thursday, reaching $69.55. 1,417,557 shares of the stock were exchanged, compared to its average volume of 1,301,731. The firm has a market cap of $12.03 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The firm's 50 day moving average is $75.39 and its 200 day moving average is $91.51. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Alexandria Real Estate Equities Company 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.