Wealth Enhancement Advisory Services LLC Acquires 18,416 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 163.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,652 shares of the real estate investment trust's stock after buying an additional 18,416 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Alexandria Real Estate Equities were worth $2,743,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ARE. Global Retirement Partners LLC raised its position in shares of Alexandria Real Estate Equities by 78.4% during the 4th quarter. Global Retirement Partners LLC now owns 803 shares of the real estate investment trust's stock valued at $78,000 after buying an additional 353 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. Hahn Capital Management LLC grew its holdings in Alexandria Real Estate Equities by 50.4% during the 4th quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after purchasing an additional 22,926 shares during the last quarter. Private Trust Co. NA grew its holdings in Alexandria Real Estate Equities by 30.2% during the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 180 shares during the last quarter. Finally, Sage Investment Counsel LLC bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $361,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 1.2%

ARE stock traded down $0.92 during mid-day trading on Friday, reaching $73.29. The company had a trading volume of 2,405,942 shares, compared to its average volume of 1,363,797. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The company has a market capitalization of $12.68 billion, a PE ratio of 96.43, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25. The firm has a 50 day moving average of $72.40 and a 200 day moving average of $87.29. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping 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 net margin of 4.62% and a return on equity of 0.64%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.35 EPS. On average, equities analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.20%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, May 20th. 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. Finally, Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $116.00.

About Alexandria Real Estate Equities

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.