IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 3,821 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• IQ EQ FUND MANAGEMENT IRELAND Ltd increased its stake in Alexandria Real Estate Equities, Inc. by 32.1% during the first quarter, bringing its total holdings to 15,735 shares valued at approximately $1.46 million.
• Alexandria Real Estate Equities recently announced a quarterly dividend of $1.32 per share, representing an annualized yield of 6.8%.
• Analysts have adjusted the target price for Alexandria Real Estate Equities, with latest estimates ranging from $74.00 to $130.00, reflecting a consensus rating of "Hold."

IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 32.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,735 shares of the real estate investment trust's stock after acquiring an additional 3,821 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Alexandria Real Estate Equities were worth $1,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its stake in Alexandria Real Estate Equities by 218.1% in the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock worth $113,602,000 after buying an additional 798,438 shares during the period. Private Trust Co. NA increased its holdings in Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after buying an additional 149 shares during the period. ProShare Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 53.8% in the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock worth $4,187,000 after buying an additional 15,012 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after purchasing an additional 6,741 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Alexandria Real Estate Equities by 33.9% during the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after purchasing an additional 9,295 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ARE shares. Wedbush cut their target price on 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. Royal Bank Of Canada dropped their target price on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating for the company in a report on Tuesday, July 29th. Mizuho lowered their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Jefferies Financial Group reduced their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. Finally, Citigroup decreased their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $0.67 during trading hours on Thursday, hitting $74.52. The company had a trading volume of 2,092,807 shares, compared to its average volume of 1,707,649. 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 firm has a market cap of $12.89 billion, a price-to-earnings ratio of -573.19, a PEG ratio of 6.22 and a beta of 1.24. The business has a fifty day moving average of $75.27 and a 200-day moving average of $83.32. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million for 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%. Alexandria Real Estate Equities's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.36 earnings per share. Equities analysts anticipate 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 declared 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 annualized dividend and a yield of 7.1%. Alexandria Real Estate Equities's dividend payout ratio is presently -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.