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Kentucky Retirement Systems Insurance Trust Fund Acquires New Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Alexandria Real Estate Equities logo with Finance background

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,985 shares of the real estate investment trust's stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ARE. D.A. Davidson & CO. grew its holdings in shares of Alexandria Real Estate Equities by 18.6% in the fourth quarter. D.A. Davidson & CO. now owns 2,810 shares of the real estate investment trust's stock valued at $274,000 after purchasing an additional 440 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Alexandria Real Estate Equities by 78.4% in the fourth quarter. Global Retirement Partners LLC now owns 803 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 353 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Alexandria Real Estate Equities by 33.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 23,488 shares of the real estate investment trust's stock valued at $2,291,000 after purchasing an additional 5,900 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Alexandria Real Estate Equities by 11.1% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 11,523 shares of the real estate investment trust's stock valued at $1,124,000 after purchasing an additional 1,152 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $29,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Trading Down 1.2%

Shares of NYSE:ARE traded down $0.92 on Friday, hitting $73.29. 2,405,942 shares of the company's stock were exchanged, compared to its average volume of 1,363,797. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $130.14. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 96.43, a price-to-earnings-growth ratio of 6.18 and a beta of 1.25. The business's 50 day simple moving average is $72.40 and its two-hundred day simple moving average is $87.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The business had revenue of $758.16 million during the quarter, compared to the consensus estimate of $755.64 million. During the same period last year, the company earned $2.35 earnings per share. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. Analysts anticipate 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. Investors of record on Monday, June 30th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.20%. Alexandria Real Estate Equities's payout ratio is currently 694.74%.

Analysts Set New Price Targets

Several research firms have commented on ARE. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. 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. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $116.00.

Read Our Latest Report on ARE

About Alexandria Real Estate Equities

(Free Report)

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.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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