Whittier Trust Co. of Nevada Inc. Purchases 1,723 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Whittier Trust Co. of Nevada Inc. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,548 shares of the real estate investment trust’s stock after buying an additional 1,723 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Alexandria Real Estate Equities were worth $5,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ARE. Whittier Trust Co. raised its holdings in Alexandria Real Estate Equities by 4.5% in the 2nd quarter. Whittier Trust Co. now owns 81,973 shares of the real estate investment trust’s stock worth $9,588,000 after purchasing an additional 3,503 shares in the last quarter. HB Wealth Management LLC raised its holdings in Alexandria Real Estate Equities by 61.3% in the 2nd quarter. HB Wealth Management LLC now owns 2,585 shares of the real estate investment trust’s stock worth $302,000 after purchasing an additional 982 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Alexandria Real Estate Equities by 350.4% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,626 shares of the real estate investment trust’s stock worth $3,933,000 after purchasing an additional 26,160 shares in the last quarter. AlphaStar Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 36.5% in the 2nd quarter. AlphaStar Capital Management LLC now owns 3,193 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 854 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Alexandria Real Estate Equities by 2.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 21,814 shares of the real estate investment trust’s stock worth $2,552,000 after purchasing an additional 508 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Down 1.2 %

ARE stock traded down $1.37 during trading on Thursday, hitting $117.74. 417,238 shares of the stock traded hands, compared to its average volume of 914,709. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The firm’s 50 day moving average is $117.94 and its two-hundred day moving average is $119.83. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of 111.32, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same period last year, the company posted $2.24 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend was Friday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Wall Street Analyst Weigh In

ARE has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $131.33.

Insider Activity

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

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.