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

Key Points

• American Assets Investment Management LLC has invested approximately $569,000 in Alexandria Real Estate Equities, acquiring 6,156 shares of the company in the first quarter.
• Wall Street analysts have recently reduced their price targets for Alexandria Real Estate Equities, with the average target now at $97.17 and a consensus rating of "Hold."
• The company announced a quarterly dividend of $1.32 per share, representing an annualized yield of 6.8%, despite facing a negative net margin and a decrease in quarterly revenue year-over-year.

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

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC lifted its holdings in shares of Alexandria Real Estate Equities by 514.3% during the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the period. Tsfg LLC acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $32,000. TruNorth Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $34,000. Finally, Cromwell Holdings LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

ARE has been the subject of several research reports. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 29th. Baird R W decreased their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Mizuho decreased their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Wedbush reduced their price target on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target 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. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded down $4.33 during mid-day trading on Wednesday, reaching $73.81. 2,973,691 shares of the company were exchanged, compared to its average volume of 1,623,615. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $125.63. The firm's 50-day simple moving average is $75.19 and its two-hundred day simple moving average is $83.39. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market cap of $12.77 billion, a PE ratio of -567.75, a price-to-earnings-growth ratio of 6.58 and a beta of 1.24.

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 earnings per share 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 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 firm earned $2.36 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share 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. Shareholders 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 7.2%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -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.