New York State Teachers Retirement System Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

New York State Teachers Retirement System cut its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,882 shares of the real estate investment trust's stock after selling 15,419 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Alexandria Real Estate Equities worth $12,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ARE. Naviter Wealth LLC increased its position in shares of Alexandria Real Estate Equities by 8.9% during the first quarter. Naviter Wealth LLC now owns 9,079 shares of the real estate investment trust's stock valued at $868,000 after buying an additional 744 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Alexandria Real Estate Equities by 3.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 938,836 shares of the real estate investment trust's stock valued at $86,852,000 after buying an additional 35,295 shares during the period. Tsfg LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $30,000. Illinois Municipal Retirement Fund increased its position in shares of Alexandria Real Estate Equities by 118.0% during the first quarter. Illinois Municipal Retirement Fund now owns 28,265 shares of the real estate investment trust's stock valued at $2,615,000 after buying an additional 15,299 shares during the period. Finally, Park Place Capital Corp increased its position in shares of Alexandria Real Estate Equities by 10.3% during the first quarter. Park Place Capital Corp now owns 2,559 shares of the real estate investment trust's stock valued at $237,000 after buying an additional 240 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group decreased their price target on Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. JMP Securities restated a "market outperform" rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. BNP Paribas Exane decreased their price objective on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $99.54.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded down $1.89 on Monday, reaching $75.03. 2,172,551 shares of the company's stock traded hands, compared to its average volume of 1,381,622. Alexandria Real Estate Equities, Inc. has a 12 month low of $67.37 and a 12 month high of $130.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. The stock has a 50-day simple moving average of $72.26 and a 200 day simple moving average of $86.15. The stock has a market cap of $12.98 billion, a PE ratio of 98.72, a P/E/G ratio of 6.48 and a beta of 1.25.

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

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date is 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.