Teachers Retirement System of The State of Kentucky Has $1.16 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Teachers Retirement System of The State of Kentucky lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 31.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,610 shares of the real estate investment trust’s stock after selling 4,400 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Alexandria Real Estate Equities were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 395.0% during the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 790 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $125,000. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $133,000. First Personal Financial Services grew its holdings in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 81 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $179,000.

Alexandria Real Estate Equities, Inc. (ARE) opened at 124.10 on Wednesday. The company has a market cap of $11.62 billion, a P/E ratio of 280.14 and a beta of 0.87. The firm has a 50-day moving average price of $120.05 and a 200 day moving average price of $118.34. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.73 and a 12 month high of $124.37.

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

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is currently 860.02%.

Several analysts recently commented on the company. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC boosted their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $128.25.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the transaction, the chief executive officer now owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $120.41, for a total transaction of $602,050.00. Following the transaction, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,893 shares of company stock valued at $8,645,989. 1.51% of the stock is owned by insiders.

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Alexandria Real Estate Equities Profile

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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