MQS Management LLC Invests $571,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

MQS Management LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,881 shares of the real estate investment trust’s stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ARE. M&G Plc acquired a new position in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $204,001,000. Russell Investments Group Ltd. grew its position in Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock valued at $100,205,000 after buying an additional 470,076 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Alexandria Real Estate Equities in the 1st quarter valued at $55,075,000. First Financial Bankshares Inc acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $31,260,000. Finally, Presima Securities ULC lifted its stake in shares of Alexandria Real Estate Equities by 4,714.5% in the 4th quarter. Presima Securities ULC now owns 226,281 shares of the real estate investment trust’s stock worth $28,686,000 after acquiring an additional 221,581 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $123.86 on Thursday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The company’s 50-day moving average price is $119.04 and its 200 day moving average price is $119.88. 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 cap of $21.66 billion, a price-to-earnings ratio of 115.76, a PEG ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same period last year, the business earned $2.24 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.20%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ARE shares. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. JMP Securities reissued a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $130.70.

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.