Public Sector Pension Investment Board Buys 5,327 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Public Sector Pension Investment Board grew its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 24.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,183 shares of the real estate investment trust's stock after acquiring an additional 5,327 shares during the period. Public Sector Pension Investment Board's holdings in Alexandria Real Estate Equities were worth $3,228,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Cetera Investment Advisers increased its position in Alexandria Real Estate Equities by 106.2% during the 1st quarter. Cetera Investment Advisers now owns 16,767 shares of the real estate investment trust's stock valued at $2,162,000 after purchasing an additional 8,637 shares during the period. Cetera Advisors LLC bought a new stake in Alexandria Real Estate Equities during the first quarter valued at $485,000. GAMMA Investing LLC grew its holdings in Alexandria Real Estate Equities by 7.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock worth $165,000 after acquiring an additional 103 shares during the period. DNB Asset Management AS raised its position in shares of Alexandria Real Estate Equities by 3.9% in the 2nd quarter. DNB Asset Management AS now owns 25,744 shares of the real estate investment trust's stock worth $3,011,000 after acquiring an additional 971 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Alexandria Real Estate Equities by 12.9% in the 2nd quarter. Fulton Bank N.A. now owns 2,342 shares of the real estate investment trust's stock worth $274,000 after acquiring an additional 268 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded down $3.56 during trading hours on Wednesday, hitting $104.46. 1,192,293 shares of the company's stock were exchanged, compared to its average volume of 1,004,447. The company has a market capitalization of $18.26 billion, a PE ratio of 65.86, a PEG ratio of 4.11 and a beta of 1.14. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.89 and a 12-month high of $135.45. The business's 50 day simple moving average is $113.77 and its 200-day simple moving average is $116.75. 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 posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). The business had revenue of $791.60 million for the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company's revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $2.26 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ARE shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the company from $135.00 to $112.00 in a research report on Friday, November 15th. Robert W. Baird cut their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, JMP Securities reduced their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating for the company in a research note on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $126.73.

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.