GSA Capital Partners LLP Has $1.09 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• GSA Capital Partners LLP significantly increased its position in Alexandria Real Estate Equities, growing its holdings by 172.3% during the first quarter of the year.
• Several equity analysts have lowered their target prices for Alexandria Real Estate Equities, with the current consensus rating being "Hold" and an average target price of $97.17.
• Alexandria Real Estate Equities declared a quarterly dividend of $1.32, yielding 6.76%, despite having a negative return on equity and net margin.

GSA Capital Partners LLP increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 172.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,761 shares of the real estate investment trust's stock after purchasing an additional 7,442 shares during the quarter. GSA Capital Partners LLP's holdings in Alexandria Real Estate Equities were worth $1,088,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ARE. Colonial Trust Co SC boosted its holdings 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 bought a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $30,000. TruNorth Capital Management LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $34,000. Cromwell Holdings LLC acquired a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $36,000. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 0.5%

Shares of NYSE ARE traded down $0.42 during trading on Friday, reaching $76.01. 1,745,347 shares of the stock were exchanged, compared to its average volume of 1,622,395. The company has a market capitalization of $13.15 billion, a price-to-earnings ratio of -584.69, a price-to-earnings-growth ratio of 6.44 and a beta of 1.24. The business's 50-day moving average price is $74.85 and its 200 day moving average price is $83.82. 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 twelve month low of $67.37 and a twelve month high of $125.63.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.9%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Analyst Upgrades and Downgrades

Several analysts have commented on ARE shares. Wedbush dropped their target price 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. BNP Paribas Exane reduced their target price on 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. 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. Mizuho dropped their price objective on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $97.17.

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.