Oppenheimer Asset Management Inc. Has $3.30 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Oppenheimer Asset Management Inc. raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.2% during the third quarter, HoldingsChannel.com reports. The fund owned 27,750 shares of the real estate investment trust’s stock after purchasing an additional 1,368 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $3,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Alexandria Real Estate Equities by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after purchasing an additional 156,643 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Alexandria Real Estate Equities by 0.9% during the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after buying an additional 35,216 shares in the last quarter. M&G Plc lifted its stake in shares of 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 during the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during 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 grew its position in Alexandria Real Estate Equities by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock worth $122,934,000 after acquiring an additional 10,576 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE stock opened at $105.55 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of 64.36, a PEG ratio of 4.08 and a beta of 1.16. The company’s fifty day simple moving average is $117.32 and its 200 day simple moving average is $117.92. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.24 and a 12-month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period in the prior year, the firm earned $2.26 earnings per share. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed 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. This represents a $5.20 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analysts Set New Price Targets

ARE has been the subject of several research reports. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Robert W. Baird cut their target price on shares of 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. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, JMP Securities reduced their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $127.30.

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.