Charles Schwab Investment Management Inc. Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Alexandria Real Estate Equities by 2.6% in Q1, owning approximately 1.46% of the company, valued at $234 million.
• Alexandria reported a quarterly earnings per share of $2.33, slightly exceeding analysts' expectations of $2.29, despite a 0.6% year-over-year revenue decline.
• The company announced a dividend of $1.32 per share, resulting in an annualized yield of 7.1%, though its payout ratio is markedly negative at -4,061.54%.

Charles Schwab Investment Management Inc. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 2.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,530,184 shares of the real estate investment trust's stock after acquiring an additional 63,997 shares during the period. Charles Schwab Investment Management Inc. owned 1.46% of Alexandria Real Estate Equities worth $234,067,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC boosted its stake in Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after buying an additional 252 shares during the period. Tsfg LLC bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. Avalon Trust Co purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $32,000. TruNorth Capital Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $34,000. Finally, Cromwell Holdings LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth approximately $36,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 2.5%

Shares of NYSE ARE traded up $1.80 during trading on Tuesday, hitting $73.66. 1,967,425 shares of the company were exchanged, compared to its average volume of 1,708,557. Alexandria Real Estate Equities, Inc. has a 12-month low of $67.37 and a 12-month 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. The company has a fifty day moving average price of $75.47 and a 200-day moving average price of $82.48. The firm has a market capitalization of $12.74 billion, a PE ratio of -566.62, a P/E/G ratio of 6.05 and a beta of 1.24.

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

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared 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. The ex-dividend date was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 7.2%. Alexandria Real Estate Equities's dividend payout ratio is -4,061.54%.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of recent research reports. Baird R W reduced their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Royal Bank Of Canada cut their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a report on Tuesday, July 29th. Wedbush cut their target price on shares of 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. BNP Paribas Exane cut their target price on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Finally, Citigroup cut their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus price target of $97.17.

Alexandria Real Estate Equities Company 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.