Public Employees Retirement System of Ohio Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Public Employees Retirement System of Ohio lifted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 315,837 shares of the real estate investment trust’s stock after acquiring an additional 1,198 shares during the period. Public Employees Retirement System of Ohio owned 0.18% of Alexandria Real Estate Equities worth $40,715,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Truvestments Capital LLC boosted its stake in shares of Alexandria Real Estate Equities by 22.7% during the first quarter. Truvestments Capital LLC now owns 20,729 shares of the real estate investment trust’s stock valued at $2,672,000 after acquiring an additional 3,830 shares during the last quarter. Toronto Dominion Bank boosted its stake in Alexandria Real Estate Equities by 18.8% in the 1st quarter. Toronto Dominion Bank now owns 89,774 shares of the real estate investment trust’s stock worth $11,573,000 after buying an additional 14,180 shares during the last quarter. Stamos Capital Partners L.P. boosted its stake in Alexandria Real Estate Equities by 24.9% in the 1st quarter. Stamos Capital Partners L.P. now owns 9,690 shares of the real estate investment trust’s stock worth $1,249,000 after buying an additional 1,930 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Alexandria Real Estate Equities by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after buying an additional 9,187 shares during the last quarter. Finally, American International Group Inc. boosted its stake in Alexandria Real Estate Equities by 0.4% in the 1st quarter. American International Group Inc. now owns 41,313 shares of the real estate investment trust’s stock worth $5,326,000 after buying an additional 176 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.2 %

Shares of NYSE:ARE traded down $1.48 during mid-day trading on Monday, hitting $117.44. 463,310 shares of the company traded hands, compared to its average volume of 919,003. The firm has a market cap of $20.54 billion, a P/E ratio of 110.00, a PEG ratio of 2.98 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The firm’s 50 day simple moving average is $118.62 and its 200 day simple moving average is $120.83.

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

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.43%. Alexandria Real Estate Equities’s payout ratio is currently 485.99%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the sale, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wedbush lowered Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $151.00 to $126.00 in a report on Monday. Evercore ISI downgraded Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $133.00 to $126.00 in a report on Thursday. Finally, JMP Securities restated 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. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $132.75.

Alexandria Real Estate Equities Profile

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.