Citigroup Inc. increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 217,248 shares of the real estate investment trust's stock after buying an additional 18,692 shares during the period. Citigroup Inc. owned 0.13% of Alexandria Real Estate Equities worth $20,098,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. 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 acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $32,000. TruNorth Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $34,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $36,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.
Alexandria Real Estate Equities Stock Performance
Alexandria Real Estate Equities stock traded up $1.61 during trading on Friday, hitting $76.12. The stock had a trading volume of 1,891,556 shares, compared to its average volume of 1,726,794. 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 stock's 50 day moving average is $75.83 and its two-hundred day moving average is $81.94. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of -585.54, a price-to-earnings-growth ratio of 6.40 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 EPS for the quarter, beating 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 business had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same quarter in the prior year, the business earned $2.36 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.
Alexandria Real Estate Equities Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.32 dividend. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.9%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.
Analyst Ratings Changes
Several analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a research note on Tuesday, July 29th. BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Citigroup cut their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Mizuho cut their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Finally, JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Ten investment 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 stock presently has an average rating of "Hold" and a consensus price target of $97.17.
Check Out Our Latest Stock Report on Alexandria Real Estate Equities
About Alexandria Real Estate Equities
(
Free Report)
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.
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