Maryland State Retirement & Pension System Lowers Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Maryland State Retirement & Pension System decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,096 shares of the real estate investment trust’s stock after selling 1,491 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Alexandria Real Estate Equities were worth $749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital World Investors purchased a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $326,959,000. Northern Trust Corp grew its holdings in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust’s stock valued at $250,255,000 after buying an additional 1,037,413 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Alexandria Real Estate Equities by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust’s stock valued at $234,067,000 after buying an additional 63,997 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Alexandria Real Estate Equities by 1,038.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust’s stock valued at $157,063,000 after buying an additional 1,468,644 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Alexandria Real Estate Equities by 24.1% in the 4th quarter. Nuveen Asset Management LLC now owns 1,193,491 shares of the real estate investment trust’s stock valued at $116,425,000 after buying an additional 231,469 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of research reports. Mizuho decreased their target price on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Royal Bank Of Canada decreased their target price on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. BNP Paribas Exane decreased their target price on Alexandria Real Estate Equities from $111.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Wedbush decreased their target price on Alexandria Real Estate Equities from $104.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, April 30th. Finally, Baird R W decreased their target price on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $97.17.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $73.66 on Wednesday. The stock’s 50 day moving average price is $75.54 and its 200 day moving average price is $82.42. The firm has a market capitalization of $12.74 billion, a PE ratio of -566.62, a price-to-earnings-growth ratio of 6.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $125.63.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.04. The company had revenue of $737.28 million for the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%. Alexandria Real Estate Equities’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $2.36 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 7.2%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is -4,061.54%.

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.