Liberty Mutual Group Asset Management Inc. Buys Shares of 6,693 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Liberty Mutual Group Asset Management Inc. bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 6,693 shares of the real estate investment trust’s stock, valued at approximately $783,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MBB Public Markets I LLC boosted its holdings in Alexandria Real Estate Equities by 88.0% during the second quarter. MBB Public Markets I LLC now owns 186,074 shares of the real estate investment trust’s stock worth $21,765,000 after buying an additional 87,090 shares in the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $398,000. Earnest Partners LLC grew its holdings in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. Earnest Partners LLC now owns 464,250 shares of the real estate investment trust’s stock worth $54,303,000 after acquiring an additional 34,047 shares during the period. APG Asset Management N.V. increased its stake in Alexandria Real Estate Equities by 227.6% in the 2nd quarter. APG Asset Management N.V. now owns 17,847 shares of the real estate investment trust’s stock valued at $1,948,000 after purchasing an additional 12,400 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 160.5% during the second quarter. AQR Capital Management LLC now owns 40,663 shares of the real estate investment trust’s stock worth $4,703,000 after purchasing an additional 25,056 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $121.54 on Friday. The company has a market cap of $21.26 billion, a P/E ratio of 113.59, a P/E/G ratio of 4.26 and a beta of 1.16. The business has a fifty day simple moving average of $118.64 and a 200-day simple moving average of $119.80. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. 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 (NYSE:ARE) last posted its quarterly earnings results 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 business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.24 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.28%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Analysts Set New Price Targets

ARE has been the topic of several research reports. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their target price for the company from $151.00 to $126.00 in a report on Monday, July 29th. JMP Securities restated 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. Wedbush lowered 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 research report on Wednesday, July 24th. Royal Bank of Canada dropped 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 note on Monday, August 5th. Finally, Evercore ISI upped their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has an average 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.