Employees Retirement System of Texas Has $5.95 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Employees Retirement System of Texas trimmed its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,000 shares of the real estate investment trust's stock after selling 39,000 shares during the period. Employees Retirement System of Texas' holdings in Alexandria Real Estate Equities were worth $5,951,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its stake in Alexandria Real Estate Equities by 64,160.0% in the third quarter. Benjamin Edwards Inc. now owns 3,213 shares of the real estate investment trust's stock valued at $382,000 after acquiring an additional 3,208 shares during the period. IHT Wealth Management LLC bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $360,000. Quantinno Capital Management LP raised its holdings in shares of Alexandria Real Estate Equities by 84.2% in the 3rd quarter. Quantinno Capital Management LP now owns 23,927 shares of the real estate investment trust's stock worth $2,841,000 after buying an additional 10,937 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Alexandria Real Estate Equities by 93.6% during the 3rd quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust's stock worth $9,668,000 after buying an additional 39,358 shares during the period. Finally, Wellington Management Group LLP grew its position in Alexandria Real Estate Equities by 96.2% in the third quarter. Wellington Management Group LLP now owns 27,418 shares of the real estate investment trust's stock valued at $3,256,000 after acquiring an additional 13,447 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

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

Alexandria Real Estate Equities Trading Up 3.0 %

Shares of NYSE:ARE traded up $2.26 during mid-day trading on Friday, reaching $76.83. The stock had a trading volume of 2,667,166 shares, compared to its average volume of 1,160,621. The firm has a 50 day simple moving average of $94.08 and a two-hundred day simple moving average of $102.31. Alexandria Real Estate Equities, Inc. has a twelve month low of $71.57 and a twelve month high of $130.14. The firm has a market cap of $13.29 billion, a PE ratio of 42.68, 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.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's dividend payout ratio is 293.33%.

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.