Commonwealth of Pennsylvania Public School Empls Retrmt SYS Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 39.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,422 shares of the real estate investment trust's stock after purchasing an additional 25,229 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Alexandria Real Estate Equities worth $8,723,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ARE. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities in the third quarter valued at about $43,000. Spire Wealth Management grew its holdings in Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after purchasing an additional 250 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in Alexandria Real Estate Equities by 3,129.4% in the 3rd quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust's stock worth $65,000 after acquiring an additional 532 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

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Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded up $0.13 on Wednesday, reaching $96.11. The company's stock had a trading volume of 886,538 shares, compared to its average volume of 1,040,404. The company has a market capitalization of $16.64 billion, a P/E ratio of 53.40, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The stock's 50 day simple moving average is $98.27 and its 200-day simple moving average is $106.11. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings results 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 net margin of 10.36% and a return on equity of 1.43%. As a group, equities analysts predict 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 buyback program on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.49%. Alexandria Real Estate Equities's payout ratio is 293.33%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ARE shares. StockNews.com lowered shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush reaffirmed a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average 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.