XTX Topco Ltd Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

XTX Topco Ltd bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,002 shares of the real estate investment trust’s stock, valued at approximately $585,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares in the last quarter. Mather Group LLC. bought a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $30,000. UMB Bank n.a. lifted its stake in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth approximately $33,000. Finally, Riverview Trust Co acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth $37,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ARE. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. JMP Securities reissued a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $122.16 on Tuesday. 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, Inc. has a one year low of $90.73 and a one year high of $135.45. The company has a fifty day moving average price of $118.80 and a 200 day moving average price of $119.79. The stock has a market cap of $21.36 billion, a P/E ratio of 114.17, a PEG ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share 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 company had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. During the same quarter in the previous year, the business posted $2.24 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.26%. Alexandria Real Estate Equities’s dividend payout ratio is currently 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.