ASR Vermogensbeheer N.V. Purchases Shares of 13,634 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• ASR Vermogensbeheer N.V. acquired 13,634 shares of Alexandria Real Estate Equities, valued at approximately $1,261,000 in the 1st quarter.
• Several institutional investors increased their stakes significantly, with Colonial Trust Co SC boosting its stake by 514.3% in the 4th quarter.
• Analysts have decreased their price targets on Alexandria Real Estate Equities, with Jefferies lowering its objective from $100.00 to $82.00.

ASR Vermogensbeheer N.V. bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 13,634 shares of the real estate investment trust's stock, valued at approximately $1,261,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at about $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alexandria Real Estate Equities by 1,038.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock worth $157,063,000 after purchasing an additional 1,468,644 shares in the last quarter. Northern Trust Corp raised its stake in shares of Alexandria Real Estate Equities by 67.9% during the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after purchasing an additional 1,037,413 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Alexandria Real Estate Equities by 218.1% during the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock worth $113,602,000 after purchasing an additional 798,438 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $34,170,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research analyst reports. BNP Paribas Exane lowered their target price on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Baird R W decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Mizuho dropped their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Wedbush lowered their price target on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, Citigroup reduced their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $2.30 on Monday, hitting $71.91. The stock had a trading volume of 1,927,855 shares, compared to its average volume of 1,613,921. The firm has a 50-day moving average of $75.42 and a 200-day moving average of $82.69. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of -553.14, a price-to-earnings-growth ratio of 6.25 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $125.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.36 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

Alexandria Real Estate Equities Profile

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.