Alexandria Real Estate Equities, Inc. (ARE) Shares Sold by Public Sector Pension investment Board

Public Sector Pension investment Board cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 55,400 shares of the real estate investment trust’s stock after selling 9,900 shares during the quarter. Public Sector Pension investment Board owned 0.06% of Alexandria Real Estate Equities worth $6,674,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Gateway Investment Advisers LLC increased its position in shares of Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock valued at $680,000 after purchasing an additional 23 shares during the period. Public Employees Retirement Association of Colorado increased its position in shares of Alexandria Real Estate Equities by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock valued at $2,068,000 after purchasing an additional 47 shares during the period. First Personal Financial Services increased its position in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares during the period. Stifel Financial Corp increased its position in shares of 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 purchasing an additional 100 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Alexandria Real Estate Equities by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 100 shares during the period.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 118.06 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89. The stock’s 50 day moving average price is $120.48 and its 200 day moving average price is $117.23. The firm has a market capitalization of $11.05 billion, a PE ratio of 266.50 and a beta of 0.87.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the transaction, the executive vice president now owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the transaction, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. In the last three months, insiders sold 46,893 shares of company stock worth $5,671,239. 1.60% of the stock is currently owned by company insiders.

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Several equities analysts have recently issued reports on ARE shares. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Barclays PLC lifted their price target on 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. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $128.25.

About Alexandria Real Estate Equities

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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