Centersquare Investment Management LLC Has $48.40 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Centersquare Investment Management LLC has reduced its stake in Alexandria Real Estate Equities, Inc. by 1.5%, owning 523,158 shares worth approximately $48.4 million as of the latest reporting period.
• Alexandria Real Estate Equities reported $2.33 earnings per share for the last quarter, slightly exceeding analysts' expectations, but showed a decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $1.32 per share, resulting in an annualized dividend yield of 6.8%, despite a substantial negative dividend payout ratio of -4,061.54%.

Centersquare Investment Management LLC trimmed its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,158 shares of the real estate investment trust's stock after selling 8,104 shares during the period. Centersquare Investment Management LLC owned 0.30% of Alexandria Real Estate Equities worth $48,397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Colonial Trust Co SC raised its position in shares of Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 252 shares in the last quarter. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. Avalon Trust Co bought a new position in Alexandria Real Estate Equities in the first quarter valued at approximately $32,000. TruNorth Capital Management LLC acquired a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $34,000. Finally, Cromwell Holdings LLC bought a new stake in Alexandria Real Estate Equities during the first quarter worth $36,000. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ARE. Mizuho dropped their target price on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Jefferies Financial Group dropped their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Finally, Citigroup cut their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a 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 company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $97.17.

Alexandria Real Estate Equities Trading Up 0.9%

NYSE ARE traded up $0.67 on Thursday, reaching $74.52. The company had a trading volume of 2,092,807 shares, compared to its average volume of 1,707,649. The firm has a market cap of $12.89 billion, a price-to-earnings ratio of -573.19, a P/E/G ratio of 6.22 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The business has a 50 day moving average of $75.34 and a two-hundred day moving average of $83.13. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly 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. The firm had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The business's revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.36 EPS. Analysts forecast 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 declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 7.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -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.