Quadrature Capital Ltd Invests $1.23 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Quadrature Capital Ltd acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,343 shares of the real estate investment trust’s stock, valued at approximately $1,228,000.

Other large investors also recently bought and sold shares of the company. CIBC Asset Management Inc raised its holdings in shares of Alexandria Real Estate Equities by 67.3% during the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock valued at $4,427,000 after purchasing an additional 14,992 shares during the last quarter. Pathway Financial Advisers LLC grew its position in Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after purchasing an additional 1,411,304 shares during the period. Natixis Advisors LLC raised its stake in Alexandria Real Estate Equities by 10.0% during the 3rd quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after buying an additional 10,917 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Alexandria Real Estate Equities by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock valued at $291,045,000 after buying an additional 72,934 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Alexandria Real Estate Equities by 117.7% during the 2nd quarter. National Bank of Canada FI now owns 75,849 shares of the real estate investment trust’s stock valued at $8,784,000 after buying an additional 41,002 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Down 1.5 %

Shares of ARE stock opened at $103.80 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45. The company’s fifty day moving average price is $113.06 and its 200-day moving average price is $116.59. The company has a market capitalization of $18.14 billion, a price-to-earnings ratio of 63.29, a PEG ratio of 4.05 and a beta of 1.14.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.26 earnings per share. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $125.00 in a report on Friday, September 13th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $125.82.

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.