American Assets Investment Management LLC Buys New Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

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

Several other hedge funds have also recently made changes to their positions in the company. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of Alexandria Real Estate Equities by 32.1% in the first quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,735 shares of the real estate investment trust's stock valued at $1,456,000 after buying an additional 3,821 shares during the period. Avalon Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $32,000. Manchester Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 79.2% in the first quarter. Manchester Capital Management LLC now owns 1,394 shares of the real estate investment trust's stock valued at $129,000 after buying an additional 616 shares during the period. Phocas Financial Corp. bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $243,000. Finally, Pathway Financial Advisers LLC raised its stake in shares of Alexandria Real Estate Equities by 12.7% in the first quarter. Pathway Financial Advisers LLC now owns 13,140 shares of the real estate investment trust's stock valued at $1,216,000 after buying an additional 1,484 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $0.36 during trading on Friday, reaching $74.20. The company's stock had a trading volume of 914,915 shares, compared to its average volume of 1,741,159. The stock has a market capitalization of $12.83 billion, a PE ratio of -570.78, a P/E/G ratio of 6.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a fifty day moving average of $75.42 and a 200 day moving average of $82.94. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63.

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 (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 firm had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same period in the prior year, the business earned $2.36 EPS. The company's revenue for the quarter was down .6% compared to the same quarter last year. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company 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. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ARE shares. Evercore ISI decreased their price objective on Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. decreased 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 note on Tuesday, May 20th. JMP Securities reiterated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Baird R W decreased their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada decreased 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 note on Tuesday, July 29th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average price target 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.