Public Employees Retirement Association of Colorado Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Public Employees Retirement Association of Colorado lowered its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,917 shares of the real estate investment trust’s stock after selling 1,367 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.06% of Alexandria Real Estate Equities worth $12,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ARE. Fulton Bank N.A. raised its position in Alexandria Real Estate Equities by 4.2% in the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 83 shares during the period. Arbor Capital Management Inc. ADV raised its holdings in Alexandria Real Estate Equities by 1.1% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 93 shares during the period. SPC Financial Inc. lifted its position in 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 purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Alexandria Real Estate Equities by 0.7% during the second quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock valued at $1,584,000 after purchasing an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Alexandria Real Estate Equities by 7.9% during the second quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 103 shares during the period. Institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Royal Bank of Canada dropped their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Evercore ISI raised their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Finally, Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price target for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Stock Down 0.8 %

ARE opened at $121.25 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a 50-day simple moving average of $118.90 and a two-hundred day simple moving average of $119.83. The company has a market capitalization of $21.20 billion, a PE ratio of 113.32, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($2.09). The firm 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 prior year, the business earned $2.24 EPS. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 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.