Deutsche Bank AG Decreases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Deutsche Bank AG has decreased its stake in Alexandria Real Estate Equities, Inc. by 4.4%, now holding approximately 0.41% of the company valued at $66.4 million.
• The company reported $2.33 earnings per share for the last quarter, slightly exceeding the consensus estimate of $2.29, despite a 0.6% revenue decline year-over-year.
• Recent quarterly dividend of $1.32 was paid out, representing an annual yield of 7.3%, although the dividend payout ratio indicates a significant negative value of -4,061.54%.

Deutsche Bank AG lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 717,718 shares of the real estate investment trust's stock after selling 33,317 shares during the quarter. Deutsche Bank AG owned 0.41% of Alexandria Real Estate Equities worth $66,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth $34,170,000. Treasurer of the State of North Carolina raised its position in Alexandria Real Estate Equities by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 76,178 shares of the real estate investment trust's stock worth $7,431,000 after purchasing an additional 480 shares during the period. Townsquare Capital LLC raised its position in Alexandria Real Estate Equities by 9.4% in the 4th quarter. Townsquare Capital LLC now owns 3,065 shares of the real estate investment trust's stock worth $299,000 after purchasing an additional 264 shares during the period. Senvest Management LLC purchased a new position in Alexandria Real Estate Equities in the 4th quarter worth $17,900,000. Finally, Jump Financial LLC raised its position in Alexandria Real Estate Equities by 48.3% in the 4th quarter. Jump Financial LLC now owns 6,627 shares of the real estate investment trust's stock worth $646,000 after purchasing an additional 2,159 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Evercore ISI cut their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Baird R W cut their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Royal Bank Of Canada cut their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. Finally, BNP Paribas Exane cut their price target on shares of 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. 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.com, the company currently has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Trading Up 1.8%

Shares of ARE traded up $1.36 during trading hours on Friday, reaching $75.87. 599,039 shares of the company traded hands, compared to its average volume of 1,605,784. The company's fifty day moving average price is $75.72 and its two-hundred day moving average price is $82.18. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of -583.62, a price-to-earnings-growth ratio of 6.31 and a beta of 1.24. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (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 during the quarter, compared to analysts' expectations of $748.02 million. During the same period last year, the company posted $2.36 EPS. Alexandria Real Estate Equities's revenue was down .6% on a year-over-year basis. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

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.