Commerzbank Aktiengesellschaft FI Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commerzbank Aktiengesellschaft FI increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 25.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 34,754 shares of the real estate investment trust's stock after buying an additional 7,013 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Alexandria Real Estate Equities were worth $3,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares during the last quarter. Colonial Trust Co SC boosted its holdings 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 worth $29,000 after buying an additional 252 shares during the last quarter. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $30,000. TruNorth Capital Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $34,000. Finally, Cromwell Holdings LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $36,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ARE shares. Baird R W lowered their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. JPMorgan Chase & Co. lowered 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. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. Wedbush lowered their price objective on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Mizuho decreased their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $99.54.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded down $0.72 during trading on Friday, hitting $78.17. The company had a trading volume of 1,470,857 shares, compared to its average volume of 1,404,424. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock's 50-day moving average is $73.11 and its two-hundred day moving average is $85.18. The stock has a market capitalization of $13.52 billion, a price-to-earnings ratio of 102.86, a price-to-earnings-growth ratio of 6.59 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. Alexandria Real Estate Equities's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.35 earnings per share. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.75%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

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.