New York State Common Retirement Fund Has $29.85 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New York State Common Retirement Fund lowered its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 251,384 shares of the real estate investment trust's stock after selling 10,906 shares during the quarter. New York State Common Retirement Fund owned about 0.14% of Alexandria Real Estate Equities worth $29,852,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. M&G Plc purchased a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $204,001,000. Pathway Financial Advisers LLC lifted its stake in Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Alexandria Real Estate Equities by 153.0% in the 1st quarter. Russell Investments Group Ltd. now owns 777,345 shares of the real estate investment trust's stock valued at $100,205,000 after acquiring an additional 470,076 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $55,075,000. Finally, Raymond James & Associates raised its stake in Alexandria Real Estate Equities by 501.1% during the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust's stock valued at $34,539,000 after acquiring an additional 242,466 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

ARE traded up $2.13 on Monday, reaching $112.99. The company had a trading volume of 1,122,418 shares, compared to its average volume of 989,826. Alexandria Real Estate Equities, Inc. has a one year low of $93.17 and a one year high of $135.45. The company has a market capitalization of $19.75 billion, a P/E ratio of 68.90, a PEG ratio of 4.17 and a beta of 1.16. The company has a fifty day moving average of $118.49 and a 200-day moving average of $118.28. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same period in the previous year, the firm earned $2.26 earnings per share. Alexandria Real Estate Equities's revenue was up 10.9% on a year-over-year basis. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio is 317.07%.

Analysts Set New Price Targets

ARE has been the topic of a number of research analyst reports. Bank of America downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $151.00 to $126.00 in a report on Monday, July 29th. JMP Securities reiterated a "market outperform" rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their target price for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup downgraded Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $131.22.

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.