Weiss Asset Management LP Invests $3.67 Million in Alexandria Real Estate Equities, Inc. $ARE

Weiss Asset Management LP purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 79,100 shares of the real estate investment trust’s stock, valued at approximately $3,672,000.

A number of other hedge funds have also modified their holdings of the company. OMERS ADMINISTRATION Corp grew its holdings in Alexandria Real Estate Equities by 4.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 252 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Alexandria Real Estate Equities by 4,321.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 271,826 shares of the real estate investment trust’s stock worth $12,618,000 after purchasing an additional 265,678 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth $36,618,000. Caxton Associates LLP boosted its position in shares of Alexandria Real Estate Equities by 11.5% during the first quarter. Caxton Associates LLP now owns 95,890 shares of the real estate investment trust’s stock worth $4,451,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at $496,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a research note on Friday, June 12th. Robert W. Baird reaffirmed a “neutral” rating and set a $46.00 price target (down from $67.00) on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Wall Street Zen upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Friday, July 17th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Reduce” and a consensus price target of $51.08.

Insider Buying and Selling

In related news, EVP Gregory Calvin Thomas acquired 3,500 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were purchased at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the acquisition, the executive vice president directly owned 33,024 shares in the company, valued at approximately $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Joel S. Marcus purchased 7,500 shares of the stock in a transaction on Tuesday, May 5th. The stock was bought at an average cost of $42.72 per share, for a total transaction of $320,400.00. Following the completion of the acquisition, the chairman owned 587,724 shares in the company, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by insiders.

Alexandria Real Estate Equities Trading Up 0.1%

NYSE:ARE opened at $50.98 on Monday. The company has a market cap of $8.88 billion, a P/E ratio of -8.13, a price-to-earnings-growth ratio of 6.21 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a twelve month low of $39.41 and a twelve month high of $88.24. The business has a 50 day moving average price of $50.51 and a two-hundred day moving average price of $50.39. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.65.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting the consensus estimate of $1.73. The firm had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 EPS. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.