California Public Employees Retirement System Decreases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

California Public Employees Retirement System lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 771,592 shares of the real estate investment trust’s stock after selling 2,546 shares during the quarter. California Public Employees Retirement System’s holdings in Alexandria Real Estate Equities were worth $97,815,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in Alexandria Real Estate Equities by 7.9% in the 3rd quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock worth $265,674,000 after acquiring an additional 194,651 shares during the period. Legal & General Group Plc boosted its holdings in Alexandria Real Estate Equities by 3.4% in the 3rd quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock worth $231,909,000 after acquiring an additional 77,012 shares during the period. Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 2.6% in the 3rd quarter. Northern Trust Corp now owns 2,168,273 shares of the real estate investment trust’s stock worth $217,044,000 after acquiring an additional 54,717 shares during the period. FMR LLC boosted its holdings in Alexandria Real Estate Equities by 0.7% in the 3rd quarter. FMR LLC now owns 1,508,541 shares of the real estate investment trust’s stock worth $151,005,000 after acquiring an additional 10,914 shares during the period. Finally, Bamco Inc. NY boosted its stake in shares of Alexandria Real Estate Equities by 4.7% during the 3rd quarter. Bamco Inc. NY now owns 1,202,373 shares of the real estate investment trust’s stock valued at $120,358,000 after buying an additional 53,640 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Transactions at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ARE shares. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price for the company. JMP Securities reiterated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho upped their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, Wedbush reissued an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $119.65 on Thursday. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The business’s fifty day moving average price is $123.08 and its two-hundred day moving average price is $116.99. The firm has a market capitalization of $20.92 billion, a PE ratio of 111.82, a P/E/G ratio of 2.73 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The company had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same period in the prior year, the business earned $2.14 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.25%. Alexandria Real Estate Equities’s payout ratio is 474.77%.

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.