Quantbot Technologies LP Takes $4.30 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quantbot Technologies LP bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 36,196 shares of the real estate investment trust's stock, valued at approximately $4,298,000.

Several other large investors have also modified their holdings of ARE. Bayesian Capital Management LP purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $629,000. California State Teachers Retirement System lifted its holdings in shares of Alexandria Real Estate Equities by 0.5% in the 1st quarter. California State Teachers Retirement System now owns 259,983 shares of the real estate investment trust's stock valued at $33,514,000 after buying an additional 1,253 shares during the period. Tidal Investments LLC lifted its holdings in shares of Alexandria Real Estate Equities by 66.2% in the 1st quarter. Tidal Investments LLC now owns 7,801 shares of the real estate investment trust's stock valued at $1,006,000 after buying an additional 3,107 shares during the period. LBP AM SA boosted its stake in shares of Alexandria Real Estate Equities by 136.4% in the first quarter. LBP AM SA now owns 9,899 shares of the real estate investment trust's stock valued at $1,276,000 after buying an additional 5,711 shares in the last quarter. Finally, Wahed Invest LLC grew its holdings in Alexandria Real Estate Equities by 14.8% during the first quarter. Wahed Invest LLC now owns 3,357 shares of the real estate investment trust's stock worth $433,000 after acquiring an additional 432 shares during the period. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 1.2 %

NYSE ARE traded down $1.31 during mid-day trading on Wednesday, reaching $110.44. 814,018 shares of the company's stock traded hands, compared to its average volume of 1,004,596. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The company has a fifty day simple moving average of $114.80 and a 200-day simple moving average of $117.19. The company has a market cap of $19.30 billion, a price-to-earnings ratio of 67.34, a P/E/G ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released 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). The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities's revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.26 EPS. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.71%. Alexandria Real Estate Equities's payout ratio is currently 317.07%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Evercore ISI dropped their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price target for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Finally, Wedbush lowered 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. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $126.73.

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.