3,568 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,568 shares of the real estate investment trust’s stock, valued at approximately $416,000.

Several other hedge funds have also made changes to their positions in ARE. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Alexandria Real Estate Equities by 14.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock worth $36,331,000 after acquiring an additional 34,854 shares during the period. Hsbc Holdings PLC lifted its position in shares of Alexandria Real Estate Equities by 18.3% in the 4th quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after purchasing an additional 84,479 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Alexandria Real Estate Equities by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after purchasing an additional 9,187 shares in the last quarter. Bluefin Capital Management LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $838,000. Finally, Norden Group LLC purchased a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $963,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on ARE shares. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Royal Bank of Canada dropped their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Finally, Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.70.

Alexandria Real Estate Equities Stock Down 0.1 %

ARE stock opened at $123.86 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The stock has a market capitalization of $21.66 billion, a PE ratio of 115.76, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The firm has a 50 day moving average of $119.04 and a 200 day moving average of $119.88.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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). The company had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.24 earnings per share. Sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

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.