Waterfront Capital Partners LLC Makes New Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Waterfront Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 42,069 shares of the real estate investment trust's stock, valued at approximately $4,996,000. Alexandria Real Estate Equities accounts for about 0.7% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 28th largest position.

Other hedge funds have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after purchasing an additional 1,411,304 shares during the period. Raymond James & Associates increased its position in Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust's stock valued at $34,539,000 after buying an additional 242,466 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Alexandria Real Estate Equities by 114.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock worth $51,706,000 after buying an additional 232,817 shares during the period. KBC Group NV boosted its holdings in Alexandria Real Estate Equities by 315.9% in the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust's stock worth $20,110,000 after acquiring an additional 128,634 shares in the last quarter. Finally, Castle Hook Partners LP bought a new position in Alexandria Real Estate Equities in the third quarter worth approximately $14,319,000. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

ARE traded down $0.35 during trading on Friday, hitting $110.17. 715,273 shares of the company traded hands, compared to its average volume of 1,003,347. The firm has a market cap of $19.25 billion, a P/E ratio of 67.18, a price-to-earnings-growth ratio of 4.14 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45. The stock's fifty day moving average is $114.35 and its 200 day moving average is $117.07.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.72%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is currently 317.07%.

Analyst Ratings Changes

ARE has been the topic of a number of recent research reports. JMP Securities cut their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a report on Friday, November 15th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Evercore ISI reduced their price objective 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 shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their price target for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $126.73.

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.