New York State Common Retirement Fund Has $23.51 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New York State Common Retirement Fund boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 254,170 shares of the real estate investment trust's stock after buying an additional 9,330 shares during the quarter. New York State Common Retirement Fund owned approximately 0.15% of Alexandria Real Estate Equities worth $23,513,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ARE. EverSource Wealth Advisors LLC lifted its position in Alexandria Real Estate Equities by 57.7% in the fourth 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. Coldstream Capital Management Inc. boosted its holdings in Alexandria Real Estate Equities by 6.0% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,119 shares of the real estate investment trust's stock worth $207,000 after purchasing an additional 120 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Alexandria Real Estate Equities by 5.8% in the fourth quarter. Wedbush Securities Inc. now owns 2,300 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 126 shares in the last quarter. Private Trust Co. NA boosted its holdings in Alexandria Real Estate Equities by 19.2% during the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after acquiring an additional 149 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 16.4% during the first quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock valued at $99,000 after acquiring an additional 153 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ARE shares. Jefferies Financial Group cut their price objective on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. BNP Paribas Exane dropped their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Citigroup dropped their price objective on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Royal Bank Of Canada reduced their price objective on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and a consensus target price of $99.54.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock traded up $0.87 during midday trading on Thursday, hitting $79.02. 824,982 shares of the company were exchanged, compared to its average volume of 1,398,470. The firm has a market capitalization of $13.67 billion, a P/E ratio of 103.98, a PEG ratio of 6.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The firm's 50 day moving average price is $73.01 and its two-hundred day moving average price is $85.31. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.35 EPS. As a group, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

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.