Louisiana State Employees Retirement System Reduces Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Louisiana State Employees Retirement System lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,400 shares of the real estate investment trust’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Alexandria Real Estate Equities were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its holdings in Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after buying an additional 1,411,304 shares during the period. National Bank of Canada FI grew its holdings in Alexandria Real Estate Equities by 350.0% in the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock valued at $40,536,000 after buying an additional 265,508 shares during the period. Raymond James & Associates grew its holdings in Alexandria Real Estate Equities by 501.1% in the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after buying an additional 242,466 shares during the period. BNP Paribas Financial Markets grew its holdings in Alexandria Real Estate Equities by 114.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock valued at $51,706,000 after buying an additional 232,817 shares during the period. Finally, KBC Group NV grew its holdings in shares of Alexandria Real Estate Equities by 315.9% during the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after purchasing an additional 128,634 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARE. Robert W. Baird decreased their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush reaffirmed a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus price target of $121.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $95.70 on Wednesday. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 53.17, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. The business has a 50 day simple moving average of $98.47 and a 200-day simple moving average of $109.31. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.34 earnings per share for the current year.

Alexandria Real Estate Equities declared that its board has initiated a stock buyback program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to buy up to 2.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. This represents a $5.28 dividend on an annualized basis and a yield of 5.52%. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 293.33%.

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.