New York State Teachers Retirement System Reduces Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New York State Teachers Retirement System reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.4% in the third quarter, Holdings Channel reports. The institutional investor owned 131,837 shares of the real estate investment trust’s stock after selling 18,710 shares during the period. New York State Teachers Retirement System’s holdings in Alexandria Real Estate Equities were worth $15,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. UMB Bank n.a. raised its holdings in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in Alexandria Real Estate Equities in the second quarter worth about $33,000. Global X Japan Co. Ltd. bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $43,000. M&R Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $50,000. Finally, Hilltop National Bank grew its stake in shares of Alexandria Real Estate Equities by 27.0% during the 2nd quarter. Hilltop National Bank now owns 686 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 146 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $110.86 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.17 and a 1-year high of $135.45. The business has a 50 day simple moving average of $118.66 and a two-hundred day simple moving average of $118.28. The stock has a market capitalization of $19.37 billion, a PE ratio of 67.60, a P/E/G ratio of 4.24 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The business had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same period last year, the business posted $2.26 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.69%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ARE shares. Wedbush decreased their target price on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Company 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.