12,609 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,609 shares of the real estate investment trust’s stock, valued at approximately $1,475,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new position in Alexandria Real Estate Equities during the second quarter worth about $12,738,000. Oppenheimer Asset Management Inc. raised its position in Alexandria Real Estate Equities by 30.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 26,382 shares of the real estate investment trust’s stock worth $3,086,000 after acquiring an additional 6,176 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Alexandria Real Estate Equities by 124.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 154,503 shares of the real estate investment trust’s stock worth $17,909,000 after acquiring an additional 85,600 shares during the last quarter. American Century Companies Inc. raised its position in Alexandria Real Estate Equities by 14.3% during the second quarter. American Century Companies Inc. now owns 57,773 shares of the real estate investment trust’s stock worth $6,758,000 after acquiring an additional 7,246 shares during the last quarter. Finally, Fore Capital LLC acquired a new position in Alexandria Real Estate Equities during the second quarter worth about $1,579,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $121.25 on Friday. 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 debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The company has a 50 day moving average price of $118.90 and a 200 day moving average price of $119.86. The firm has a market capitalization of $21.20 billion, a price-to-earnings ratio of 113.32, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $2.24 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.29%. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ARE shares. JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Royal Bank of Canada cut 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 research report on Monday, August 5th. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.