Jefferies Financial Group Inc. Buys 7,317 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Jefferies Financial Group Inc. increased its holdings in Alexandria Real Estate Equities by 136% in the first quarter, acquiring an additional 7,317 shares for a total of 12,697 shares valued at $1.175 million.
• Wall Street analysts have revised their price targets for Alexandria Real Estate Equities, with Citigroup lowering its target from $110 to $74, while JMP Securities maintained a "market outperform" rating with a target of $130.
• Alexandria Real Estate Equities recently declared a quarterly dividend of $1.32 per share, representing a dividend yield of 6.8%, although its dividend payout ratio is extremely high at -4,061.54%.

Jefferies Financial Group Inc. grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 136.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,697 shares of the real estate investment trust's stock after purchasing an additional 7,317 shares during the period. Jefferies Financial Group Inc.'s holdings in Alexandria Real Estate Equities were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Alexandria Real Estate Equities by 218.1% in the fourth 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 acquiring an additional 798,438 shares during the last quarter. Private Trust Co. NA grew its stake in Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after acquiring an additional 149 shares during the period. ProShare Advisors LLC lifted its position in Alexandria Real Estate Equities by 53.8% in the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after acquiring an additional 15,012 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Alexandria Real Estate Equities by 35.0% during the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after buying an additional 6,741 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 buying an additional 9,295 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ARE. Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 29th. JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Baird R W lowered their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Wedbush cut their price objective on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.42 on Friday, hitting $74.14. The stock had a trading volume of 422,978 shares, compared to its average volume of 1,608,373. 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 52-week low of $67.37 and a 52-week high of $125.63. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of -570.62, a price-to-earnings-growth ratio of 6.22 and a beta of 1.24. The business's 50-day simple moving average is $75.34 and its two-hundred day simple moving average is $83.13.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued 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. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million for the quarter, compared to the consensus estimate of $748.02 million. During the same quarter in the previous year, the firm earned $2.36 earnings per share. The company's revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.1%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is currently -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.