Employees Retirement System of Texas Has $14.58 Million Stake in Alexandria Real Estate Equities, Inc. (ARE)

Employees Retirement System of Texas grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,000 shares of the real estate investment trust’s stock after buying an additional 6,000 shares during the period. Employees Retirement System of Texas owned 0.13% of Alexandria Real Estate Equities worth $14,577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ARE. UBS Asset Management Americas Inc. increased its position in shares of Alexandria Real Estate Equities by 11.8% during the first quarter. UBS Asset Management Americas Inc. now owns 301,584 shares of the real estate investment trust’s stock valued at $33,331,000 after buying an additional 31,780 shares during the period. Karp Capital Management Corp bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $1,889,000. Parametric Portfolio Associates LLC increased its position in shares of Alexandria Real Estate Equities by 8.7% during the first quarter. Parametric Portfolio Associates LLC now owns 94,264 shares of the real estate investment trust’s stock valued at $10,418,000 after buying an additional 7,571 shares during the period. Pacer Advisors Inc. increased its position in shares of Alexandria Real Estate Equities by 9.5% during the first quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 164 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Alexandria Real Estate Equities by 2.8% during the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 100 shares during the period.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 1.27% during midday trading on Friday, hitting $118.97. The stock had a trading volume of 771,578 shares. The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 268.56 and a beta of 0.87. 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.

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

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

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Several equities research analysts have recently weighed in on ARE shares. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Barclays PLC upped 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 price target of $128.25.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the executive vice president now owns 158,000 shares of the company’s stock, valued at $19,051,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $121.22, for a total value of $1,684,109.46. Following the completion of the transaction, the chief executive officer now directly owns 705,829 shares in the company, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. Insiders sold 71,893 shares of company stock worth $8,645,989 in the last ninety days. Corporate 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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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)




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