Brookwood Investment Group LLC Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Brookwood Investment Group LLC acquired a new position in Alexandria Real Estate Equities, buying 4,054 shares valued at approximately $375,000 during the 1st quarter.
• Major institutional investors have recently increased their stakes in Alexandria Real Estate Equities, with JPMorgan Chase & Co. raising its position by 212.9% to own over 8.2 million shares.
• Alexandria Real Estate Equities has a current consensus rating of "Hold" among analysts, with an average price target set at $99.54.

Brookwood Investment Group LLC purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,054 shares of the real estate investment trust's stock, valued at approximately $375,000.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Alexandria Real Estate Equities during the 4th quarter valued at about $29,000. Colonial Trust Co SC grew its stake 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 during the period. Tsfg LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $30,000. TruNorth Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $34,000. Finally, Cromwell Holdings LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.3%

ARE stock traded up $0.28 during midday trading on Friday, hitting $82.33. The company's stock had a trading volume of 1,805,266 shares, compared to its average volume of 1,636,200. The company has a quick ratio of 0.22, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a 52-week low of $67.37 and a 52-week high of $125.63. The firm has a market capitalization of $14.24 billion, a P/E ratio of -633.27, a PEG ratio of 6.93 and a beta of 1.25. The firm has a 50-day simple moving average of $74.09 and a 200-day simple moving average of $84.39.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. During the same quarter last year, the company posted $2.36 EPS. The firm's revenue 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 year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.41%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. Evercore ISI dropped their price target on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. Baird R W dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. Wedbush dropped their price target on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Royal Bank Of Canada dropped their price target on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Finally, Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $99.54.

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.