Machina Capital S.A.S. Buys New Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Machina Capital S.A.S. acquired 5,035 shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) for approximately $466,000 during the first quarter.
• Alexandria Real Estate Equities has reported a quarterly earnings per share of $2.33, exceeding expectations, but faced a slight revenue decline of 0.6% year-over-year.
• The company recently announced a quarterly dividend of $1.32, representing an annualized dividend yield of 6.41%.

Machina Capital S.A.S. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,035 shares of the real estate investment trust's stock, valued at approximately $466,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Colonial Trust Co SC grew its position in Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the last quarter. Tsfg LLC bought a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $30,000. TruNorth Capital Management LLC bought a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $34,000. Cromwell Holdings LLC bought a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $36,000. Finally, Cary Street Partners Financial LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $50,000. Institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

ARE has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Royal Bank Of Canada reduced their target price on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a report on Monday, May 12th. Jefferies Financial Group decreased their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $103.00 to $91.00 in a research note on Wednesday, April 30th. Finally, Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $99.54.

Alexandria Real Estate Equities Stock Down 2.4%

ARE stock traded down $2.00 during midday trading on Monday, reaching $80.20. The company had a trading volume of 350,449 shares, compared to its average volume of 1,600,539. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $13.87 billion, a P/E ratio of -616.89, a PEG ratio of 6.93 and a beta of 1.25. The company has a 50 day moving average of $74.09 and a two-hundred day moving average of $84.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.04. The business had revenue of $737.28 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $2.36 EPS. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued 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 dividend yield of 6.58%. Alexandria Real Estate Equities's dividend 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.