Healthcare of Ontario Pension Plan Trust Fund Purchases 265,678 Shares of Alexandria Real Estate Equities, Inc. $ARE

Healthcare of Ontario Pension Plan Trust Fund grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4,321.4% during the 1st quarter, HoldingsChannel reports. The firm owned 271,826 shares of the real estate investment trust’s stock after purchasing an additional 265,678 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Alexandria Real Estate Equities were worth $12,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 102.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after buying an additional 11,762 shares during the period. NewEdge Advisors LLC raised its stake in Alexandria Real Estate Equities by 4,261.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 3,068 shares during the period. Empowered Funds LLC raised its stake in Alexandria Real Estate Equities by 4.8% during the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 296 shares during the period. Woodline Partners LP raised its stake in Alexandria Real Estate Equities by 39.9% during the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 3,714 shares during the period. Finally, Focus Partners Wealth lifted its holdings in Alexandria Real Estate Equities by 171.5% during the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock worth $610,000 after acquiring an additional 4,163 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARE has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $52.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Zacks Research lowered Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. Citigroup reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday. Evercore boosted their price objective on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Jefferies Financial Group decreased their price objective on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $51.08.

Insider Activity

In other news, EVP Gregory Calvin Thomas acquired 3,500 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $41.00 per share, with a total value of $143,500.00. Following the completion of the transaction, the executive vice president directly owned 33,024 shares of the company’s stock, valued at approximately $1,353,984. This represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at approximately $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.35% of the company’s stock.

Alexandria Real Estate Equities Trading Up 5.1%

ARE opened at $54.02 on Wednesday. The stock has a market capitalization of $9.41 billion, a P/E ratio of -8.62, a P/E/G ratio of 6.26 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The firm’s fifty day simple moving average is $50.77 and its 200 day simple moving average is $50.39. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.73. The firm had revenue of $671.02 million during the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.30 EPS. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is -45.93%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.