QSV Equity Investors LLC Makes New Investment in Alexandria Real Estate Equities, Inc. $ARE

Key Points

• QSV Equity Investors LLC acquired 3,470 shares of Alexandria Real Estate Equities, Inc. valued at approximately $321,000 as part of its new investment in the first quarter.
• Alexandria Real Estate Equities reported $2.33 earnings per share for the last quarter, exceeding analysts' estimates of $2.29, despite a 0.6% decline in year-over-year revenue.
• The company recently announced a quarterly dividend of $1.32, representing a 6.9% annualized yield, although it has a very high payout ratio of -4,061.54%.

QSV Equity Investors LLC acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,470 shares of the real estate investment trust's stock, valued at approximately $321,000.

Several other hedge funds have also recently bought and sold shares of ARE. Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alexandria Real Estate Equities by 1,038.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock valued at $157,063,000 after buying an additional 1,468,644 shares in the last quarter. Northern Trust Corp raised its position in shares of Alexandria Real Estate Equities by 67.9% in the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after buying an additional 1,037,413 shares in the last quarter. Invesco Ltd. raised its position in shares of Alexandria Real Estate Equities by 39.0% in the first quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock valued at $291,198,000 after buying an additional 882,963 shares in the last quarter. Finally, Bank of America Corp DE raised its position 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 valued at $113,602,000 after buying an additional 798,438 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $76.12 on Monday. The firm's fifty day moving average price is $75.83 and its two-hundred day moving average price is $81.84. The stock has a market cap of $13.17 billion, a PE ratio of -585.54, a PEG ratio of 6.40 and a beta of 1.24. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.04. The firm 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%. The company's revenue 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. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.32 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.9%. Alexandria Real Estate Equities's payout ratio is currently -4,061.54%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARE. JPMorgan Chase & Co. dropped their price target on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Mizuho dropped their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. BNP Paribas Exane lowered their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.

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