Bayesian Capital Management LP Invests $629,000 in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bayesian Capital Management LP purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,876 shares of the real estate investment trust’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Oakworth Capital Inc. purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $25,000. Capital Advisors Ltd. LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC raised its stake in Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares during the period. Finally, Mather Group LLC. purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $30,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARE. JMP Securities reissued 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. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $151.00 to $126.00 in a report on Monday. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Finally, Evercore ISI cut shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $133.00 to $126.00 in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.75.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $1.60 during trading on Tuesday, reaching $119.02. The company’s stock had a trading volume of 1,094,620 shares, compared to its average volume of 922,088. The company has a 50-day moving average price of $118.50 and a two-hundred day moving average price of $120.77. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The firm has a market cap of $20.82 billion, a PE ratio of 110.32, a P/E/G ratio of 2.98 and a beta of 1.15. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.24 EPS. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.49 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. Alexandria Real Estate Equities’s dividend payout ratio is 485.99%.

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.15% of the company’s stock.

Alexandria Real Estate Equities 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.