Cubist Systematic Strategies LLC invested $7.18 million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Cubist Systematic Strategies LLC acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 61,364 shares of the real estate investment trust’s stock, valued at approximately $7,178,000.

Several other institutional investors have recently added to or reduced their stakes in ARE. Vanguard Group Inc. grew its holdings in Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after purchasing an additional 156,643 shares during the period. APG Asset Management US Inc. grew its holdings in Alexandria Real Estate Equities by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after purchasing an additional 39,243 shares during the period. Canada Pension Plan Investment Board raised its position in Alexandria Real Estate Equities by 0.9% in the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after purchasing an additional 35,216 shares in the last quarter. M&G Plc boosted its stake in Alexandria Real Estate Equities by 4.9% in the second quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock worth $194,114,000 after purchasing an additional 77,686 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Alexandria Real Estate Equities by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after buying an additional 10,576 shares during the last quarter. 96.54% of shares are currently owned by institutional investors and hedge funds.

Shares in Alexandria Real Estate Equities fell 2.2%

Shares of Alexandria Real Estate Equities opened at $121.54 on Friday. The firm has a market cap of $21.26 billion, a price-to-earnings ratio of 113.59, a P/E/G ratio of 4.26 and a beta of 1.16. The firm has a fifty day moving average price of $118.64 and a two hundred day moving average price of $119.80. Alexandria Real Estate Equities, Inc. it has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. 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 (NYSE:ARE – Get Free Report ) last posted its quarterly 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). The company had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’ revenue for the quarter was up 7.4% on a year-over-year basis. In the same period last year, the company earned $2.24 per share. As a group, analysts estimate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.30 dividend. The ex-dividend date is Monday, September 30. This represents a dividend of $5.20 on an annualized basis and a yield of 4.28%. Alexandria Real Estate Equities’ payout ratio is currently 485.98%.

Analysts set new price targets

ARE has been the subject of several research analyst reports. Royal Bank of Canada decreased their price target on 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. Evercore ISI boosted their target price on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Citigroup lowered shares of 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 report on Friday. September 13. JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Finally, Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the company from $136.00 to $127.00 in the a report on Friday, August 2. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Hold” and a consensus price target of $130.70, according to MarketBeat .

Get the latest Alexandria real estate stock report

About Alexandria Real Estate Equities

(Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE ), an S&P 500 company, is a leading mission-driven life science REIT that makes a positive and lasting impact on the world. As a pioneer of the life sciences real estate niche since our founding in 1994, Alexandria is the preeminent and longest-running owner, operator and developer of collaborative life science, agtech and advanced technology megacampuses in innovation cluster locations AAA, including Greater Boston, San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and the Research Triangle.

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