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 shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 32.1% in the 1st quarter, according to the company in its most recent Form 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 period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Alexandria Real Estate Equities were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC increased its position in Alexandria Real Estate Equities by 514.3% during the fourth 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 acquired a new position in Alexandria Real Estate Equities during the first quarter worth $30,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $32,000. TruNorth Capital Management LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $34,000. Finally, Cromwell Holdings LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $36,000. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

ARE traded down $0.36 during midday trading on Friday, reaching $74.20. 914,915 shares of the company's stock were exchanged, compared to its average volume of 1,741,159. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of -570.78, a price-to-earnings-growth ratio of 6.28 and a beta of 1.24. 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 one year low of $67.37 and a one year high of $125.63. The business has a 50-day simple moving average of $75.42 and a two-hundred day simple moving average of $82.94.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The firm 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 company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 earnings per share. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.1%. Alexandria Real Estate Equities's payout ratio is -4,061.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ARE shares. Royal Bank Of Canada lowered their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. JPMorgan Chase & Co. lowered their price target on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Jefferies Financial Group lowered their price target on Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Ten research 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 has an average rating of "Hold" and an average price target of $97.17.

About Alexandria Real Estate Equities

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.