State of New Jersey Common Pension Fund D Lowers Stock Holdings in Alexandria Real Estate Equities, Inc. $ARE

State of New Jersey Common Pension Fund D lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 151,830 shares of the real estate investment trust’s stock after selling 2,275 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Alexandria Real Estate Equities were worth $11,027,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Private Trust Co. NA lifted its position in shares of Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 149 shares during the period. Presima Securities ULC lifted its position in shares of Alexandria Real Estate Equities by 1.4% in the 1st quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust’s stock worth $1,100,000 after purchasing an additional 170 shares during the period. CX Institutional lifted its position in shares of Alexandria Real Estate Equities by 13.8% in the 2nd quarter. CX Institutional now owns 1,445 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 175 shares during the period. Investor s Fiduciary Advisor Network LLC lifted its position in shares of Alexandria Real Estate Equities by 3.8% in the 1st quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 180 shares during the period. Finally, HM Payson & Co. lifted its position in shares of Alexandria Real Estate Equities by 33.0% in the 1st quarter. HM Payson & Co. now owns 798 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 198 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a research report on Monday, October 13th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, October 6th. They set a “hold” rating and a $80.00 price objective for the company. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price objective for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday. Finally, BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average price target of $95.87.

Alexandria Real Estate Equities Stock Up 0.7%

NYSE:ARE opened at $77.48 on Friday. The firm has a market capitalization of $13.40 billion, a P/E ratio of -595.96, a PEG ratio of 6.50 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $116.90. The company’s fifty day moving average price is $81.08 and its 200-day moving average price is $76.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.32 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.8%. Alexandria Real Estate Equities’s dividend payout ratio is presently -4,061.54%.

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.