Alexandria Real Estate Equities Inc (ARE) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund lifted its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,931 shares of the real estate investment trust’s stock after acquiring an additional 304 shares during the period. Texas Permanent School Fund’s holdings in Alexandria Real Estate Equities were worth $3,126,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ARE. Citigroup Inc. grew its stake in shares of Alexandria Real Estate Equities by 583.3% in the fourth quarter. Citigroup Inc. now owns 1,082,030 shares of the real estate investment trust’s stock worth $124,693,000 after acquiring an additional 923,675 shares during the last quarter. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $99,599,000. Lasalle Investment Management Securities LLC grew its stake in shares of Alexandria Real Estate Equities by 981.6% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 918,415 shares of the real estate investment trust’s stock worth $105,838,000 after acquiring an additional 833,504 shares during the last quarter. Resolution Capital Ltd grew its stake in shares of Alexandria Real Estate Equities by 61.3% in the fourth quarter. Resolution Capital Ltd now owns 1,499,119 shares of the real estate investment trust’s stock worth $172,758,000 after acquiring an additional 570,005 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Alexandria Real Estate Equities by 2.3% in the third quarter. Vanguard Group Inc now owns 16,605,056 shares of the real estate investment trust’s stock worth $2,088,750,000 after acquiring an additional 377,569 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

Several brokerages have recently issued reports on ARE. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. Canaccord Genuity reaffirmed an “average” rating and issued a $25.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, March 7th. Barclays cut Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $130.00 to $136.00 in a research report on Thursday, April 4th. Finally, Mitsubishi UFJ Financial Group raised their target price on Alexandria Real Estate Equities to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $111.38.

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction on Friday, February 15th. The stock was sold at an average price of $134.41, for a total transaction of $1,344,100.00. Following the completion of the transaction, the chairman now directly owns 547,312 shares of the company’s stock, valued at $73,564,205.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas J. Andrews sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $134.18, for a total value of $3,354,500.00. Following the transaction, the insider now directly owns 146,916 shares of the company’s stock, valued at $19,713,188.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,551 shares of company stock valued at $17,615,465. 1.43% of the stock is owned by company insiders.

Shares of ARE stock opened at $143.85 on Wednesday. The firm has a market capitalization of $16.11 billion, a P/E ratio of 21.80, a PEG ratio of 4.75 and a beta of 0.90. Alexandria Real Estate Equities Inc has a one year low of $109.04 and a one year high of $144.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.28 and a quick ratio of 0.28.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $1.11 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.57). The firm had revenue of $358.80 million during the quarter, compared to the consensus estimate of $356.93 million. Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.62 earnings per share. As a group, sell-side analysts predict that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a $0.97 dividend. The ex-dividend date was Thursday, March 28th. This represents a $3.88 annualized dividend and a yield of 2.70%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 58.79%.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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