Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 292,208 shares of the real estate investment trust's stock after selling 4,174 shares during the period. California Public Employees Retirement System owned 0.17% of Alexandria Real Estate Equities worth $28,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $1,605,426,000. JPMorgan Chase & Co. grew its holdings in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after buying an additional 5,624,163 shares in the last quarter. PGGM Investments increased its stake in shares of Alexandria Real Estate Equities by 3,602.0% in the 4th quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust's stock worth $93,537,000 after acquiring an additional 932,956 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. boosted its position in shares of Alexandria Real Estate Equities by 170.1% during the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust's stock valued at $47,419,000 after acquiring an additional 306,145 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Down 1.1 %

Alexandria Real Estate Equities stock traded down $0.89 during midday trading on Tuesday, reaching $76.92. 3,033,578 shares of the stock traded hands, compared to its average volume of 1,127,671. The firm has a market cap of $13.31 billion, a PE ratio of 42.73, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a 50-day simple moving average of $95.46 and a two-hundred day simple moving average of $103.56. Alexandria Real Estate Equities, Inc. has a 12-month low of $75.70 and a 12-month high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating 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%. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has approved a stock repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 6.86%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ARE shares. Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective on the stock. Royal Bank of Canada cut their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Finally, StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.60.

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.