Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 24.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,887 shares of the real estate investment trust’s stock after buying an additional 11,153 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Alexandria Real Estate Equities were worth $6,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. M&G Plc purchased a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $204,001,000. Russell Investments Group Ltd. raised its stake in shares of Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust’s stock valued at $100,205,000 after acquiring an additional 470,076 shares during the period. DAVENPORT & Co LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $55,075,000. First Financial Bankshares Inc acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at approximately $31,260,000. Finally, Presima Securities ULC raised its position in Alexandria Real Estate Equities by 4,714.5% in the fourth quarter. Presima Securities ULC now owns 226,281 shares of the real estate investment trust’s stock valued at $28,686,000 after purchasing an additional 221,581 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ARE shares. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Royal Bank of Canada reduced their target price on shares of 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 lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday. Finally, Evercore ISI increased their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Trading Down 0.5 %

NYSE:ARE opened at $121.02 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The stock has a market cap of $21.16 billion, a P/E ratio of 113.10, a P/E/G ratio of 4.26 and a beta of 1.16. The stock has a 50-day simple moving average of $118.46 and a 200-day simple moving average of $119.73.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.24 earnings per share. As a group, analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal 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 $1.30 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.30%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

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.