6,156 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by American Assets Investment Management LLC

Key Points

• American Assets Investment Management LLC invested $569,000 in Alexandria Real Estate Equities, Inc. by purchasing 6,156 shares in the first quarter.
• Alexandria Real Estate Equities reported a quarterly earnings per share of $2.33, beating expectations, but experienced a revenue decline of 0.6% year-over-year.
• The firm declared a quarterly dividend of $1.32 per share, representing a 6.76% yield, despite a significantly high payout ratio.

American Assets Investment Management LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,156 shares of the real estate investment trust's stock, valued at approximately $569,000.

A number of other large investors also recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its holdings in shares of Alexandria Real Estate Equities by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 120 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Alexandria Real Estate Equities by 5.8% during the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after purchasing an additional 126 shares during the last quarter. Private Trust Co. NA increased its position in shares of Alexandria Real Estate Equities by 19.2% during the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 16.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after purchasing an additional 153 shares during the last quarter. Finally, Investor s Fiduciary Advisor Network LLC increased its position in shares of Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock valued at $457,000 after purchasing an additional 180 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the topic of several analyst reports. Evercore ISI cut their target price on Alexandria Real Estate Equities from $103.00 to $91.00 in a research report on Wednesday, April 30th. Wall Street Zen raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Royal Bank Of Canada cut their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Finally, Citigroup cut their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Stock Down 0.5%

Alexandria Real Estate Equities stock traded down $0.42 during midday trading on Friday, reaching $76.01. The company's stock had a trading volume of 1,745,347 shares, compared to its average volume of 1,622,395. The stock's 50-day simple moving average is $74.85 and its 200-day simple moving average is $83.82. 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, Inc. has a 52-week low of $67.37 and a 52-week high of $125.63. The stock has a market capitalization of $13.15 billion, a P/E ratio of -584.69, a PEG ratio of 6.44 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same period last year, the business posted $2.36 earnings per share. The company's revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

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

About Alexandria Real Estate Equities

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.