Healthcare of Ontario Pension Plan Trust Fund Purchases 53,700 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 81.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 120,000 shares of the real estate investment trust’s stock after acquiring an additional 53,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Alexandria Real Estate Equities were worth $14,250,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Canada Pension Plan Investment Board lifted its position in Alexandria Real Estate Equities by 0.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock valued at $476,455,000 after acquiring an additional 35,216 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock valued at $291,045,000 after acquiring an additional 72,934 shares in the last quarter. M&G Plc lifted its position in Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after acquiring an additional 77,686 shares in the last quarter. Pathway Financial Advisers LLC lifted its position in Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after acquiring an additional 1,411,304 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after acquiring an additional 10,576 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Stock Down 1.1 %

Alexandria Real Estate Equities stock opened at $110.52 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.89 and a fifty-two week high of $135.45. The firm has a market capitalization of $19.31 billion, a PE ratio of 67.39, a P/E/G ratio of 4.20 and a beta of 1.16. The company’s 50-day moving average is $114.57 and its 200-day moving average is $117.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 EPS. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 317.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Wedbush cut their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $133.00 to $121.00 in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $126.73.

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.