Kentucky Retirement Systems Insurance Trust Fund Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,197 shares of the real estate investment trust’s stock after selling 375 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Alexandria Real Estate Equities were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fulton Bank N.A. lifted its position in Alexandria Real Estate Equities by 4.2% during the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 83 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Alexandria Real Estate Equities by 29.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 85 shares in the last quarter. SPC Financial Inc. increased its holdings in shares of Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 100 shares in the last quarter. Arbor Capital Management Inc. ADV increased its holdings in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock valued at $1,079,000 after acquiring an additional 109 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 16,234 shares of the real estate investment trust’s stock valued at $2,093,000 after acquiring an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARE. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $130.00 in a report on Wednesday. Evercore ISI downgraded Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and reduced their price objective for the stock from $133.00 to $126.00 in a report on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.71.

Insider Buying and Selling

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now directly owns 6,005,077 shares of the company’s stock, valued at approximately $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by insiders.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $2.91 during trading hours on Friday, reaching $118.92. 920,099 shares of the stock traded hands, compared to its average volume of 874,578. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The company has a quick ratio of 0.30, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $20.80 billion, a price-to-earnings ratio of 111.14, a P/E/G ratio of 2.98 and a beta of 1.15. The company has a 50 day moving average price of $118.62 and a 200 day moving average price of $120.89.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the prior year, the firm posted $2.24 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.49 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 4.37%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.