Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 158,225 shares of the real estate investment trust's stock after selling 5,841 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of Alexandria Real Estate Equities worth $15,435,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ARE. New York State Teachers Retirement System grew its holdings in shares of Alexandria Real Estate Equities by 16.3% during the fourth quarter. New York State Teachers Retirement System now owns 153,301 shares of the real estate investment trust's stock worth $14,955,000 after buying an additional 21,464 shares during the last quarter. Banque Pictet & Cie SA grew its holdings in shares of Alexandria Real Estate Equities by 2,377.9% during the fourth quarter. Banque Pictet & Cie SA now owns 63,780 shares of the real estate investment trust's stock worth $6,222,000 after buying an additional 61,206 shares during the last quarter. Core Alternative Capital grew its holdings in shares of Alexandria Real Estate Equities by 6.6% during the fourth quarter. Core Alternative Capital now owns 29,164 shares of the real estate investment trust's stock worth $2,845,000 after buying an additional 1,818 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $419,000. Finally, Thompson Investment Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 3.0% during the fourth quarter. Thompson Investment Management Inc. now owns 31,630 shares of the real estate investment trust's stock worth $3,086,000 after buying an additional 931 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a report on Tuesday, December 17th. Wedbush reissued a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reissued 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. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, StockNews.com lowered Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus target price of $121.30.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $0.07 during mid-day trading on Friday, hitting $95.59. The stock had a trading volume of 1,101,349 shares, compared to its average volume of 1,361,801. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 53.11, a P/E/G ratio of 3.92 and a beta of 1.16. The company has a 50 day simple moving average of $97.99 and a 200 day simple moving average of $109.00. 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 data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate 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%. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a stock repurchase plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $1.32 dividend. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.52%. The ex-dividend date of this dividend was Tuesday, December 31st. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 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.