Stevens Capital Management LP Acquires Shares of 5,009 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• Stevens Capital Management LP has acquired a new stake in Alexandria Real Estate Equities, purchasing 5,009 shares valued at approximately $463,000 during the first quarter.
• A number of large investors, including JPMorgan Chase & Co. and UBS AM, significantly increased their positions in Alexandria Real Estate Equities during the fourth quarter, indicating strong institutional interest in the company.
• The company recently announced a quarterly dividend of $1.32 per share, yielding 6.41%, despite a negative payout ratio, reflecting potential concerns regarding its financial sustainability.

Stevens Capital Management LP purchased 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 13F filing with the SEC. The institutional investor purchased 5,009 shares of the real estate investment trust's stock, valued at approximately $463,000.

Several other hedge funds also recently modified their holdings of the business. Bank of America Corp DE grew its stake in Alexandria Real Estate Equities by 218.1% in the 4th 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 during the last quarter. Private Trust Co. NA grew its stake in Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 149 shares during the last quarter. ProShare Advisors LLC grew its stake 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 buying an additional 15,012 shares during the last quarter. Cetera Investment Advisers grew its stake in Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after buying an additional 6,741 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Alexandria Real Estate Equities by 33.9% in the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock valued at $3,581,000 after buying an additional 9,295 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 20th. Wedbush reduced their price target on shares of 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. Baird R W reduced their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. JMP Securities reissued 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. Finally, Mizuho reduced their price target on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $97.17.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded up $0.48 during midday trading on Wednesday, reaching $79.96. 305,943 shares of the company's stock were exchanged, compared to its average volume of 1,594,714. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $125.63. The firm has a market capitalization of $13.83 billion, a PE ratio of -615.12, a price-to-earnings-growth ratio of 6.67 and a beta of 1.25. The company's 50 day simple moving average is $74.34 and its two-hundred day simple moving average is $84.15. 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 announced its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) 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 firm had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the firm posted $2.36 EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.60%. The ex-dividend date was Monday, June 30th. 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.