Jefferies Financial Group Inc. Has $1.18 Million Position in 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. raised 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 disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ARE. Wellington Management Group LLP increased its holdings in shares of Alexandria Real Estate Equities by 33.9% in the fourth quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock valued at $3,581,000 after purchasing an additional 9,295 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Alexandria Real Estate Equities by 1.6% in the fourth quarter. Wells Fargo & Company MN now owns 459,766 shares of the real estate investment trust's stock valued at $44,850,000 after purchasing an additional 7,173 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $8,510,000. Aviva PLC increased its holdings in shares of Alexandria Real Estate Equities by 1,337.9% in the fourth quarter. Aviva PLC now owns 95,546 shares of the real estate investment trust's stock valued at $9,321,000 after purchasing an additional 88,901 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Alexandria Real Estate Equities by 25.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 526,960 shares of the real estate investment trust's stock valued at $51,405,000 after purchasing an additional 106,002 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on ARE. Baird R W decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. 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. Wedbush decreased their price target on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. Finally, Mizuho decreased their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $97.17.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $0.67 on Thursday, reaching $74.52. The company had a trading volume of 2,092,806 shares, compared to its average volume of 1,616,154. The stock has a market capitalization of $12.89 billion, a PE ratio of -573.19, a price-to-earnings-growth ratio of 6.58 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's 50-day moving average is $75.27 and its 200 day moving average is $83.32.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The business had revenue of $737.28 million during the quarter, compared to analyst estimates 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 quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $2.36 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 7.1%. Alexandria Real Estate Equities's dividend payout ratio (DPR) 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.