Public Employees Retirement System of Ohio Takes Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Public Employees Retirement System of Ohio bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 283,346 shares of the real estate investment trust's stock, valued at approximately $27,640,000. Public Employees Retirement System of Ohio owned approximately 0.16% of Alexandria Real Estate Equities as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. 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. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of 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. JMP Securities reiterated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a "hold" rating and a $100.00 price objective for the company. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus target price of $116.00.

Alexandria Real Estate Equities Stock Up 1.7%

Shares of NYSE ARE traded up $1.21 during trading hours on Thursday, hitting $70.88. The stock had a trading volume of 645,457 shares, compared to its average volume of 1,287,322. The company has a market capitalization of $12.26 billion, a P/E ratio of 39.38, a P/E/G ratio of 3.93 and a beta of 1.27. The firm's 50-day moving average price is $77.98 and its two-hundred day moving average price is $92.83. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The company 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 1.43% and a net margin of 10.36%. The company's quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.35 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $1.32 dividend. The ex-dividend date was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.45%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

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.