Teachers Retirement System of The State of Kentucky Decreases Position in Alexandria Real Estate Equities, Inc. (ARE)

Teachers Retirement System of The State of Kentucky lowered its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 18.1% during the first quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atria Investments LLC increased its stake in Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 117 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in Alexandria Real Estate Equities by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 25,705 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 385 shares in the last quarter. Exxonmobil Investment Management Inc. TX bought a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $2,181,000. Manning & Napier Advisors LLC increased its stake in Alexandria Real Estate Equities by 13.5% in the first quarter. Manning & Napier Advisors LLC now owns 94,960 shares of the real estate investment trust’s stock valued at $10,494,000 after buying an additional 11,280 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. bought a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $8,556,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.4916% during trading on Friday, reaching $121.4699. The company had a trading volume of 244,461 shares. The firm has a 50-day moving average price of $119.56 and a 200 day moving average price of $115.15. The stock’s market cap is $11.06 billion. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.18.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The company had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period last year, the business posted $1.34 earnings per share. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a yield of 2.82%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -205.99%.

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Several analysts have commented on the company. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Barclays PLC increased their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $122.38.

In other news, insider Peter M. Moglia sold 2,000 shares of the stock in a transaction on Friday, June 16th. The shares were sold at an average price of $119.00, for a total transaction of $238,000.00. Following the completion of the sale, the insider now owns 87,867 shares of the company’s stock, valued at $10,456,173. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James H. Richardson sold 4,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $117.89, for a total transaction of $471,560.00. Following the completion of the transaction, the director now directly owns 61,000 shares of the company’s stock, valued at approximately $7,191,290. The disclosure for this sale can be found here. Insiders have sold 35,674 shares of company stock valued at $4,130,859 in the last three months. 1.60% of the stock is owned by insiders.

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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