XTX Topco Ltd Buys New Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• XTX Topco Ltd has acquired a new stake in Alexandria Real Estate Equities, Inc. by purchasing 14,180 shares valued at approximately $1.3 million.
• Several institutional investors, including Coldstream Capital and Wedbush Securities, have also increased their stakes in Alexandria Real Estate Equities during the last quarters.
• The latest quarterly earnings report revealed EPS of $2.33, surpassing analysts' estimates, although revenue decreased by 0.6% year-over-year.

XTX Topco Ltd bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,180 shares of the real estate investment trust's stock, valued at approximately $1,312,000.

Several other institutional investors have also recently added to or reduced their stakes in ARE. Coldstream Capital Management Inc. increased its stake in shares of Alexandria Real Estate Equities by 6.0% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 120 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Alexandria Real Estate Equities by 5.8% during the 4th quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 126 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Alexandria Real Estate Equities by 19.2% during the 1st 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 last quarter. Farther Finance Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 16.4% during the 1st quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 153 shares during the last quarter. Finally, Investor s Fiduciary Advisor Network LLC increased its stake in shares of Alexandria Real Estate Equities by 3.8% during the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock valued at $457,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research note on Thursday, June 12th. Citigroup dropped their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Jefferies Financial Group dropped their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. BNP Paribas Exane dropped their target price 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. Finally, Wedbush dropped their target price on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Stock Down 2.1%

NYSE ARE opened at $76.41 on Friday. The stock has a market cap of $13.22 billion, a PE ratio of -587.76, a P/E/G ratio of 6.57 and a beta of 1.25. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The business has a 50 day moving average price of $74.68 and a two-hundred day moving average price of $83.97. 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 (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, topping analysts' consensus estimates of $2.29 by $0.04. The firm had revenue of $737.28 million during the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. Alexandria Real Estate Equities's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.36 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 6.9%. 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.

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