Washington Trust Advisors Inc. Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Washington Trust Advisors Inc. boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,620 shares of the real estate investment trust's stock after buying an additional 10,565 shares during the quarter. Washington Trust Advisors Inc.'s holdings in Alexandria Real Estate Equities were worth $7,828,000 at the end of the most recent quarter.

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

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded up $1.78 during mid-day trading on Wednesday, reaching $76.27. 1,734,642 shares of the company's stock traded hands, compared to its average volume of 1,372,943. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month high of $130.14. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 100.36, a PEG ratio of 6.27 and a beta of 1.25. The stock has a 50 day moving average of $72.29 and a two-hundred day moving average of $86.81. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 EPS. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. cut their target price on 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. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. Finally, JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $116.00.

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.