Wolverine Asset Management LLC Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Wolverine Asset Management LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,807 shares of the real estate investment trust’s stock, valued at approximately $211,000.

A number of other hedge funds also recently made changes to their positions in ARE. Fulton Bank N.A. raised its position in Alexandria Real Estate Equities by 4.2% during the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 83 shares in the last quarter. SPC Financial Inc. raised its holdings in shares of Alexandria Real Estate Equities by 5.4% during the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 100 shares in the last quarter. GAMMA Investing LLC lifted its position in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 103 shares during the last quarter. Arbor Capital Management Inc. ADV boosted its stake in Alexandria Real Estate Equities by 1.3% in the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock worth $1,079,000 after buying an additional 109 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC grew its position in Alexandria Real Estate Equities by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 16,234 shares of the real estate investment trust’s stock valued at $2,093,000 after acquiring an additional 112 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Down 0.9 %

ARE opened at $116.29 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50 day simple moving average of $118.16 and a two-hundred day simple moving average of $119.86. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 108.68, a PEG ratio of 4.17 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.24 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.98%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ARE shares. JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Royal Bank of Canada decreased their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.33.

Alexandria Real Estate Equities 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.