Teachers Retirement System of The State of Kentucky cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 18.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,010 shares of the real estate investment trust’s stock after selling 3,090 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Alexandria Real Estate Equities were worth $1,548,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Achmea Investment Management B.V. acquired a new position in shares of Alexandria Real Estate Equities during the first quarter worth $859,000. Ranger Global Real Estate Advisors LLC purchased a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $8,207,000. Goldman Sachs Group Inc. increased its position in Alexandria Real Estate Equities by 28.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,711,416 shares of the real estate investment trust’s stock valued at $189,145,000 after buying an additional 378,647 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $2,261,000. Finally, Janus Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 67.1% in the first quarter. Janus Capital Management LLC now owns 365,137 shares of the real estate investment trust’s stock valued at $40,355,000 after buying an additional 146,599 shares during the period.
Alexandria Real Estate Equities, Inc. (ARE) traded down 0.14% on Friday, reaching $120.61. 353,774 shares of the company were exchanged. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The firm has a 50-day moving average of $119.97 and a 200 day moving average of $115.75. The firm has a market capitalization of $11.29 billion, a P/E ratio of 272.26 and a beta of 0.86.
Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.50. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 earnings per share. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.86 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.44 annualized dividend and a yield of 2.85%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.
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Several equities research analysts have weighed in on ARE shares. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded 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 report on Tuesday, July 18th. Finally, Barclays PLC increased their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $122.71.
In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total transaction of $238,540.00. Following the transaction, the insider now owns 85,867 shares of the company’s stock, valued at approximately $10,241,357.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James H. Richardson sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $117.89, for a total transaction of $471,560.00. Following the transaction, the director now directly owns 61,000 shares in the company, valued at approximately $7,191,290. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock valued at $2,303,665 in the last 90 days. Company insiders own 1.60% of the company’s stock.
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.
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