Deerfield Management Company L.P. Series C Invests $398,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Deerfield Management Company L.P. Series C bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,399 shares of the real estate investment trust’s stock, valued at approximately $398,000.

Other institutional investors have also added to or reduced their stakes in the company. Fulton Bank N.A. lifted its position in shares of Alexandria Real Estate Equities by 4.2% in the 1st 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 during the period. Arbor Capital Management Inc. ADV raised its stake in shares of 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 in the last quarter. SPC Financial Inc. lifted its position in Alexandria Real Estate Equities by 5.4% in 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 during the period. Oregon Public Employees Retirement Fund boosted its stake in 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 buying an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings 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 valued at $165,000 after buying an additional 103 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 0.5 %

ARE stock opened at $121.03 on Friday. The business has a fifty day moving average price of $118.54 and a 200 day moving average price of $119.82. 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, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 113.11, a P/E/G ratio of 4.26 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results 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 during the quarter, compared to analyst estimates of $775.03 million. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.24 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Royal Bank of Canada cut their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $130.70.

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.