New York State Common Retirement Fund Sells 17,425 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New York State Common Retirement Fund lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 257,933 shares of the real estate investment trust’s stock after selling 17,425 shares during the period. New York State Common Retirement Fund’s holdings in Alexandria Real Estate Equities were worth $32,698,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. AE Wealth Management LLC acquired a new position in Alexandria Real Estate Equities during the third quarter worth approximately $407,000. Exchange Traded Concepts LLC increased its position in Alexandria Real Estate Equities by 5.0% during the third quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 102 shares during the last quarter. Czech National Bank increased its position in Alexandria Real Estate Equities by 46.0% during the third quarter. Czech National Bank now owns 27,217 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 8,579 shares during the last quarter. Handelsbanken Fonder AB increased its position in Alexandria Real Estate Equities by 31.7% during the third quarter. Handelsbanken Fonder AB now owns 46,964 shares of the real estate investment trust’s stock worth $4,701,000 after buying an additional 11,297 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in Alexandria Real Estate Equities during the third quarter worth approximately $297,000. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.0 %

Shares of ARE stock opened at $117.28 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.51 billion, a P/E ratio of 109.61, a price-to-earnings-growth ratio of 2.73 and a beta of 1.05. The stock has a 50 day simple moving average of $123.04 and a 200 day simple moving average of $117.00. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45.

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

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 474.77%.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which is available at this link. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the company’s 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 sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARE. Mizuho boosted their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, Evercore ISI decreased their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.75.

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.