Entropy Technologies LP Invests $651,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Entropy Technologies LP has invested approximately $651,000 in Alexandria Real Estate Equities, acquiring 7,037 shares in the first quarter.
• Alexandria Real Estate Equities reported earnings of $2.33 per share for the quarter, surpassing analyst expectations, despite a revenue decline of 0.6% year-over-year.
• The company announced a quarterly dividend of $1.32 per share, yielding 7.2%, while its overall dividend payout ratio is significantly negative at -4,061.54%.

Entropy Technologies LP bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 7,037 shares of the real estate investment trust's stock, valued at approximately $651,000.

Several other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $34,170,000. Townsquare Capital LLC lifted its holdings in Alexandria Real Estate Equities by 9.4% during the 4th quarter. Townsquare Capital LLC now owns 3,065 shares of the real estate investment trust's stock valued at $299,000 after purchasing an additional 264 shares during the last quarter. Jump Financial LLC lifted its holdings in Alexandria Real Estate Equities by 48.3% during the 4th quarter. Jump Financial LLC now owns 6,627 shares of the real estate investment trust's stock valued at $646,000 after purchasing an additional 2,159 shares during the last quarter. Marshall Wace LLP bought a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $3,063,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Alexandria Real Estate Equities by 3.4% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 325,801 shares of the real estate investment trust's stock valued at $31,747,000 after purchasing an additional 10,769 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the subject of several analyst reports. BNP Paribas Exane cut their price target on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Baird R W dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. 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. 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. Finally, JMP Securities reissued 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Trading Up 2.2%

NYSE ARE traded up $1.61 during trading on Friday, reaching $76.12. 1,891,556 shares of the stock traded hands, compared to its average volume of 1,726,794. The firm 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. The stock's 50-day moving average price is $75.83 and its 200 day moving average price is $81.94. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.36 earnings per share. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio is -4,061.54%.

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.