Natixis Advisors LLC Buys 20,399 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Natixis Advisors LLC increased its stake in Alexandria Real Estate Equities by 18.4%, acquiring an additional 20,399 shares during the first quarter, now holding approximately $12.1 million in shares.
• Despite reporting a negative net margin of 0.33% and a revenue decline of 0.6% year-over-year, Alexandria Real Estate Equities exceeded EPS expectations with $2.33 compared to the estimated $2.29.
• The company declared a quarterly dividend of $1.32 per share, resulting in an annualized dividend yield of 6.8%, although it has a notably high dividend payout ratio of -4,061.54%.

Natixis Advisors LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,170 shares of the real estate investment trust's stock after purchasing an additional 20,399 shares during the period. Natixis Advisors LLC owned 0.08% of Alexandria Real Estate Equities worth $12,135,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Colonial Trust Co SC grew its position in shares of Alexandria Real Estate Equities by 514.3% during the 4th 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 acquired a new stake in Alexandria Real Estate Equities in the first quarter worth $30,000. TruNorth Capital Management LLC bought a new stake in Alexandria Real Estate Equities in the first quarter valued at $34,000. Cromwell Holdings LLC acquired a new position in shares of Alexandria Real Estate Equities during the first quarter valued at about $36,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $50,000. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 1.4%

Shares of ARE traded up $1.07 during trading hours on Tuesday, reaching $78.19. 1,013,395 shares of the stock traded hands, compared to its average volume of 1,666,190. 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 market cap of $13.52 billion, a price-to-earnings ratio of -601.46, a PEG ratio of 6.49 and a beta of 1.24. The stock has a fifty day simple moving average of $75.03 and a 200 day simple moving average of $83.43. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data 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. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The firm had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter last year, the business posted $2.36 EPS. The company's revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 6.8%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is presently -4,061.54%.

Analyst Ratings Changes

ARE has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their target price on Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. JMP Securities reissued a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Citigroup decreased their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Baird R W decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Wedbush lowered their price objective on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price 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.