22,995 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 22,995 shares of the real estate investment trust's stock, valued at approximately $2,127,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. Proficio Capital Partners LLC acquired a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $29,000. Jones Financial Companies Lllp grew its stake in shares of Alexandria Real Estate Equities by 192.9% during the 4th quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust's stock worth $109,000 after purchasing an additional 737 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $34,170,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Alexandria Real Estate Equities by 17.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 170,606 shares of the real estate investment trust's stock worth $16,643,000 after purchasing an additional 24,926 shares during the period. Finally, AGF Management Ltd. grew its stake in shares of Alexandria Real Estate Equities by 20.2% during the 4th quarter. AGF Management Ltd. now owns 38,299 shares of the real estate investment trust's stock worth $3,736,000 after purchasing an additional 6,432 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded up $0.35 during trading hours on Friday, reaching $79.64. 1,310,721 shares of the company traded hands, compared to its average volume of 1,392,982. Alexandria Real Estate Equities, Inc. has a 1-year low of $67.37 and a 1-year high of $130.14. The stock has a market cap of $13.78 billion, a P/E ratio of 104.79, a P/E/G ratio of 6.50 and a beta of 1.25. The firm's 50-day moving average is $72.56 and its 200-day moving average is $85.89. 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 quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. During the same period last year, the company earned $2.35 EPS. The firm's revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 6.63%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 694.74%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Wedbush lowered their price target on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group lowered their price target on Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Mizuho lowered their price target on Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Finally, Baird R W lowered their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of "Hold" and an average target price of $99.54.

Alexandria Real Estate Equities 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.