Public Employees Retirement System of Ohio Sells 23,163 Shares of Alexandria Real Estate Equities, Inc. $ARE

Public Employees Retirement System of Ohio trimmed its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.6% during the 1st quarter, Holdings Channel reports. The firm owned 247,711 shares of the real estate investment trust’s stock after selling 23,163 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Alexandria Real Estate Equities were worth $11,499,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ARE. CYBER HORNET ETFs LLC bought a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $30,000. BOKF NA increased its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 362 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $33,000. CIBC Private Wealth Group LLC raised its position in shares of Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 228 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $38,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $50.98 on Monday. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of -8.13, a price-to-earnings-growth ratio of 6.21 and a beta of 1.17. The company has a fifty day moving average of $50.51 and a 200-day moving average of $50.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The company had revenue of $671.02 million for the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 EPS. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 5.6%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently -45.93%.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus bought 7,500 shares of the stock in a transaction dated Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the purchase, the chairman owned 587,724 shares in the company, valued at approximately $25,107,569.28. The trade was a 1.29% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gregory Calvin Thomas bought 3,500 shares of the stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $41.00 per share, with a total value of $143,500.00. Following the purchase, the executive vice president owned 33,024 shares in the company, valued at $1,353,984. The trade was a 11.85% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

ARE has been the subject of several research reports. Zacks Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research report on Friday, July 17th. BMO Capital Markets raised their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a research report on Friday, June 12th. Cantor Fitzgerald dropped their price target on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a research note on Wednesday, April 29th. BNP Paribas Exane upped their price objective on Alexandria Real Estate Equities from $44.00 to $45.00 and gave the stock an “underperform” rating in a report on Wednesday, July 1st. Finally, Evercore upped their price objective on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $51.08.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.