Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 48.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,241 shares of the real estate investment trust’s stock after purchasing an additional 1,700 shares during the period. Investment Management Corp of Ontario’s holdings in Alexandria Real Estate Equities were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter worth about $25,000. Ashton Thomas Securities LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at approximately $33,000. Finally, Venturi Wealth Management LLC raised its stake 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 valued at $36,000 after purchasing an additional 180 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ARE shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Wedbush restated an “outperform” rating and set a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday. Evercore ISI cut their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $125.82.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $103.80 on Friday. The stock has a market capitalization of $18.14 billion, a PE ratio of 63.29, a price-to-earnings-growth ratio of 4.05 and a beta of 1.14. The business’s fifty day moving average price is $113.06 and its 200 day moving average price is $116.59. 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, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results 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). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the previous year, the business posted $2.26 earnings per share. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

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.