Healthcare of Ontario Pension Plan Trust Fund Has $14.25 Million Holdings in 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, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,000 shares of the real estate investment trust’s stock after buying an additional 53,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.07% of Alexandria Real Estate Equities worth $14,250,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the third quarter worth about $30,000. UMB Bank n.a. increased its holdings in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 180 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the subject of several recent analyst reports. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $125.00 in a report on Friday, September 13th. JMP Securities dropped their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. Robert W. Baird dropped their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Finally, Wedbush lowered their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $126.73.

Alexandria Real Estate Equities Price Performance

ARE opened at $110.52 on Friday. The company has a fifty day moving average price of $114.57 and a two-hundred day moving average price of $117.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 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.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.26 EPS. As a group, 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.71%. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Alexandria Real Estate Equities 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.