36,196 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 36,196 shares of the real estate investment trust’s stock, valued at approximately $4,298,000.

Other hedge funds also recently bought and sold shares of the company. BDF Gestion acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $2,560,000. CIBC Asset Management Inc grew its stake in Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after buying an additional 14,992 shares during the last quarter. Kingswood Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 99.2% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust’s stock worth $1,130,000 after buying an additional 4,811 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Finally, LBP AM SA grew its stake in shares of Alexandria Real Estate Equities by 136.4% in the 1st quarter. LBP AM SA now owns 9,899 shares of the real estate investment trust’s stock valued at $1,276,000 after purchasing an additional 5,711 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $111.76 on Wednesday. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The business has a 50-day moving average of $115.07 and a 200-day moving average of $117.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market capitalization of $19.53 billion, a price-to-earnings ratio of 68.15, a PEG ratio of 4.06 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same period in the previous year, the company earned $2.26 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 317.07%.

Analyst Ratings Changes

Several research firms have recently commented on ARE. Robert W. Baird reduced their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. JMP Securities cut their price target on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, November 15th. Wedbush cut their price target on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $127.30.

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.