Toronto Dominion Bank Increases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Toronto Dominion Bank grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,423 shares of the real estate investment trust's stock after purchasing an additional 6,166 shares during the period. Toronto Dominion Bank's holdings in Alexandria Real Estate Equities were worth $8,138,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Exchange Traded Concepts LLC boosted its stake in shares of Alexandria Real Estate Equities by 4.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 5,241 shares of the real estate investment trust's stock valued at $511,000 after purchasing an additional 228 shares during the period. Blue Trust Inc. increased its stake in shares of Alexandria Real Estate Equities by 16.3% during the fourth quarter. Blue Trust Inc. now owns 2,790 shares of the real estate investment trust's stock valued at $272,000 after purchasing an additional 391 shares in the last quarter. Pacer Advisors Inc. raised its stake in Alexandria Real Estate Equities by 12.4% during the fourth quarter. Pacer Advisors Inc. now owns 13,077 shares of the real estate investment trust's stock valued at $1,276,000 after buying an additional 1,440 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Alexandria Real Estate Equities by 1.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 100,964 shares of the real estate investment trust's stock worth $9,849,000 after purchasing an additional 1,758 shares in the last quarter. Finally, Forsta AP Fonden grew its position in Alexandria Real Estate Equities by 6.4% during the 4th quarter. Forsta AP Fonden now owns 36,400 shares of the real estate investment trust's stock valued at $3,551,000 after purchasing an additional 2,200 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARE has been the subject of several research reports. 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. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. dropped 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 note on Tuesday, May 20th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Down 1.6%

NYSE:ARE traded down $1.14 during mid-day trading on Friday, hitting $70.11. 2,295,549 shares of the company's stock traded hands, compared to its average volume of 1,295,735. The company has a fifty day moving average of $76.93 and a 200 day moving average of $92.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. 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 market capitalization of $12.13 billion, a P/E ratio of 38.95, a P/E/G ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same period last year, the company earned $2.35 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% compared to the same quarter last year. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.53%. The ex-dividend date of this dividend was Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is currently 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.