Thompson Investment Management Inc. Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Thompson Investment Management Inc. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 35,122 shares of the real estate investment trust's stock after purchasing an additional 3,492 shares during the period. Thompson Investment Management Inc.'s holdings in Alexandria Real Estate Equities were worth $3,249,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC grew its position 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 boosted its holdings in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 252 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $50,000. True Wealth Design LLC increased its stake in shares of Alexandria Real Estate Equities by 663.5% during the fourth 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 period. Finally, Sherman Asset Management Inc. acquired a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $75,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the topic of several research analyst reports. Jefferies Financial Group initiated 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 target price 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 report on Wednesday, April 30th. 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 report on Tuesday, May 20th. Finally, Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to 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 down $0.19 during trading hours on Thursday, reaching $73.00. 427,687 shares of the company traded hands, compared to its average volume of 1,310,051. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm's 50-day moving average is $73.69 and its 200-day moving average is $90.34. The stock has a market cap of $12.63 billion, a P/E ratio of 40.56, a P/E/G ratio of 3.93 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data 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. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter last year, the company earned $2.35 earnings per share. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio 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.