Public Employees Retirement System of Ohio lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,498 shares of the real estate investment trust’s stock after purchasing an additional 576 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of Alexandria Real Estate Equities worth $16,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Stifel Financial Corp lifted its position in Alexandria Real Estate Equities by 2.8% during the 1st quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock valued at $402,000 after acquiring an additional 100 shares during the period. Victory Capital Management Inc. purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $179,000. Neuberger Berman Group LLC lifted its position in Alexandria Real Estate Equities by 4.2% during the 1st quarter. Neuberger Berman Group LLC now owns 11,861 shares of the real estate investment trust’s stock valued at $1,311,000 after acquiring an additional 475 shares during the period. United Services Automobile Association purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $3,008,000. Finally, Teachers Advisors LLC lifted its position in Alexandria Real Estate Equities by 34.4% during the 1st quarter. Teachers Advisors LLC now owns 351,270 shares of the real estate investment trust’s stock valued at $38,822,000 after acquiring an additional 89,898 shares during the period.

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Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.206% on Tuesday, reaching $123.245. 49,859 shares of the company were exchanged. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 278.205 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.73 and a 52 week high of $124.37. The company’s 50-day moving average is $120.05 and its 200-day moving average is $118.34.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the prior year, the business earned $1.36 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is 860.02%.

A number of research analysts recently issued reports on the stock. BidaskClub raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC lifted their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average target price of $128.25.

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the executive vice president now directly owns 158,000 shares of the company’s stock, valued at $19,051,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,893 shares of company stock valued at $8,645,989. Insiders own 1.51% of the company’s stock.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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