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 bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,054 shares of the real estate investment trust's stock, valued at approximately $375,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at $29,000. Colonial Trust Co SC lifted its holdings in Alexandria Real Estate Equities by 514.3% in 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 Alexandria Real Estate Equities in the first quarter worth about $30,000. TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter worth about $34,000. Finally, Cromwell Holdings LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter worth about $36,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 0.4%

Shares of ARE traded down $0.31 during trading hours on Tuesday, reaching $78.81. The company's stock had a trading volume of 295,816 shares, compared to its average volume of 1,597,496. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of -606.23, a P/E/G ratio of 6.93 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $125.63. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average of $74.19 and a two-hundred day moving average of $84.19.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced 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. The business had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.36 EPS. As a group, research analysts predict 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 announced 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.70%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

ARE has been the subject of several research analyst reports. Jefferies Financial Group reduced their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Baird R W dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report 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 on the stock in a research report on Wednesday, April 30th. BNP Paribas Exane dropped their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, Evercore ISI cut their price objective on Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $99.38.

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.