Liberty Mutual Group Asset Management Inc. Takes $783,000 Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Liberty Mutual Group Asset Management Inc. bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 6,693 shares of the real estate investment trust’s stock, valued at approximately $783,000.

Several other hedge funds have also recently bought and sold shares of ARE. Fulton Bank N.A. increased its position in shares of Alexandria Real Estate Equities by 4.2% in the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 83 shares in the last quarter. Arbor Capital Management Inc. ADV raised its position in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock valued at $1,000,000 after purchasing an additional 93 shares during the period. SPC Financial Inc. lifted its stake in shares of Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Alexandria Real Estate Equities by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after purchasing an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Alexandria Real Estate Equities by 7.9% in the second 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 period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ARE shares. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. 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 research report on Monday, August 5th. Evercore ISI lifted their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $121.54 on Friday. The company has a market cap of $21.26 billion, a PE ratio of 113.59, a P/E/G ratio of 4.26 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a fifty day moving average price of $118.64 and a two-hundred day moving average price of $119.80. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23.

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

Alexandria Real Estate Equities Announces Dividend

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 issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

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.