Alexandria Real Estate Equities, Inc. $ARE Stock Purchased by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management increased its ARE stake by 1,088.4% in the third quarter, adding 62,802 shares to hold 68,572 shares valued at about $3.25 million. Institutional investors collectively own 96.54% of the stock.
• Alexandria reported quarterly revenue of $671.18 million, above estimates, but EPS of negative $3.74 sharply missed the consensus estimate of negative $0.03; revenue fell 10.7% year over year.
• The REIT’s quarterly dividend is $0.72 per share, an annualized $2.88 and a stated 6.3% yield. Analysts’ consensus rating was “Reduce,” with an average price target of $49.79.

Fulcrum Asset Management LLP increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1,088.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 68,572 shares of the real estate investment trust's stock after buying an additional 62,802 shares during the period. Fulcrum Asset Management LLP's holdings in Alexandria Real Estate Equities were worth $3,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. OMERS ADMINISTRATION Corp grew its holdings in shares of Alexandria Real Estate Equities by 4.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust's stock worth $285,000 after purchasing an additional 252 shares in the last quarter. Arizona State Retirement System grew its position in Alexandria Real Estate Equities by 0.7% in the second quarter. Arizona State Retirement System now owns 42,994 shares of the real estate investment trust's stock worth $2,272,000 after acquiring an additional 286 shares in the last quarter. Tema ETFs LLC grew its position in Alexandria Real Estate Equities by 10.5% in the second quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust's stock worth $162,000 after acquiring an additional 290 shares in the last quarter. Parallel Advisors LLC increased its stake in Alexandria Real Estate Equities by 7.3% in the third quarter. Parallel Advisors LLC now owns 4,585 shares of the real estate investment trust's stock valued at $218,000 after acquiring an additional 310 shares during the last quarter. Finally, Mather Group LLC. increased its stake in Alexandria Real Estate Equities by 30.1% in the third quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust's stock valued at $67,000 after acquiring an additional 326 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $45.86 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.14 and a current ratio of 0.14. Alexandria Real Estate Equities, Inc. has a 52-week low of $38.34 and a 52-week high of $59.76. The company has a fifty day moving average of $47.09 and a 200-day moving average of $49.32. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 6.42 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($3.71). The business had revenue of $671.18 million during the quarter, compared to analysts' expectations of $646.26 million. Alexandria Real Estate Equities had a negative return on equity of 7.52% and a negative net margin of 51.81%. Alexandria Real Estate Equities's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 EPS. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.72 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.88 annualized dividend and a dividend yield of 6.3%. Alexandria Real Estate Equities's payout ratio is currently -34.20%.

Insider Transactions at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 5,000 shares of the stock in a transaction dated Friday, September 11th. The stock was bought at an average price of $49.68 per share, with a total value of $248,400.00. Following the purchase, the chairman owned 597,724 shares in the company, valued at approximately $29,694,928.32. The trade was a 0.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Andres Gavinet sold 10,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the sale, the chief accounting officer owned 102,516 shares of the company's stock, valued at $5,221,139.88. This represents a 8.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ARE shares. BMO Capital Markets lowered their price target on Alexandria Real Estate Equities from $52.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, September 28th. BNP Paribas Exane cut their price objective on Alexandria Real Estate Equities from $40.00 to $37.00 and set an "underperform" rating for the company in a report on Wednesday, October 28th. Evercore reiterated an "outperform" rating and set a $59.00 price objective on shares of Alexandria Real Estate Equities in a research report on Monday, September 21st. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from a "neutral" rating to an "underweight" rating and set a $56.00 price objective on the stock. in a research report on Thursday, September 24th. Finally, Robert W. Baird raised their price objective on Alexandria Real Estate Equities from $46.00 to $52.00 and gave the company a "neutral" rating in a report on Monday, August 24th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Reduce" and a consensus price target of $49.79.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment trust specializing in life science, technology and other knowledge-based industries. Founded in 1994, the company develops, owns and operates collaborative campuses that bring together companies, researchers and institutions.

Its properties include laboratory, office and manufacturing space, as well as related facilities and amenities designed to support research and innovation. Alexandria also makes strategic investments in companies in the life science and technology sectors through its venture investment platform.

The company serves major U.S.

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