Invesco Ltd. Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Invesco Ltd. has increased its position in Alexandria Real Estate Equities by 39.0%, owning approximately 3.1 million shares worth $291.20 million as of the latest quarter.
• Alexandria Real Estate Equities had a quarterly EPS of $2.33, exceeding expectations, but reported a revenue decline of 0.6% year-over-year.
• Analysts have a mixed outlook on Alexandria, with a consensus "Hold" rating and varied price targets between $76.00 and $130.00.

Invesco Ltd. grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,147,743 shares of the real estate investment trust's stock after purchasing an additional 882,963 shares during the quarter. Invesco Ltd. owned approximately 1.82% of Alexandria Real Estate Equities worth $291,198,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $241,000. Zions Bancorporation National Association UT purchased a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $5,123,000. Davis Selected Advisers grew its position in Alexandria Real Estate Equities by 0.7% during the 1st quarter. Davis Selected Advisers now owns 151,317 shares of the real estate investment trust's stock worth $13,998,000 after purchasing an additional 1,120 shares during the last quarter. Forsta AP Fonden grew its position in Alexandria Real Estate Equities by 1.6% during the 1st quarter. Forsta AP Fonden now owns 37,000 shares of the real estate investment trust's stock worth $3,423,000 after purchasing an additional 600 shares during the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Alexandria Real Estate Equities by 59.6% in the 1st quarter. National Bank of Canada FI now owns 116,242 shares of the real estate investment trust's stock valued at $10,754,000 after acquiring an additional 43,404 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $1.61 during trading hours 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. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a 50-day moving average price of $75.83 and a 200 day moving average price of $81.94. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of -585.54, a PEG 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 earnings per share for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $2.36 earnings per share. As a group, research analysts anticipate 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 disclosed 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 was Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.9%. Alexandria Real Estate Equities's dividend payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ARE shares. BNP Paribas Exane dropped their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Baird R W dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Wedbush dropped their price objective on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Ten 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, the stock presently has a consensus rating of "Hold" and an average target price of $97.17.

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.