Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 218,289 shares of the real estate investment trust's stock after selling 14,948 shares during the period. California State Teachers Retirement System owned approximately 0.13% of Alexandria Real Estate Equities worth $21,294,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ARE. Proficio Capital Partners LLC acquired a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after buying an additional 109 shares in the last quarter. Colonial Trust Co SC raised its stake in Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 252 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $50,000. Finally, Spire Wealth Management raised its stake in shares of Alexandria Real Estate Equities by 72.5% during the fourth quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock valued at $58,000 after acquiring an additional 250 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $116.00.

Alexandria Real Estate Equities Trading Up 0.6%

Alexandria Real Estate Equities stock traded up $0.45 during trading on Tuesday, hitting $70.05. The company had a trading volume of 499,392 shares, compared to its average volume of 1,293,663. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 3.93 and a beta of 1.27. The company's 50 day simple moving average is $76.40 and its 200-day simple moving average is $91.81. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. During the same quarter in the prior year, the business posted $2.35 EPS. The company's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.54%. Alexandria Real Estate Equities's dividend payout ratio 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.