Teacher Retirement System of Texas Takes $2.13 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

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

A number of other large investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 57.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 109 shares during the period. Colonial Trust Co SC lifted its stake in shares of Alexandria Real Estate Equities by 514.3% during the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 252 shares during the period. Tsfg LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth $30,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $50,000. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Stock Down 1.2%

NYSE:ARE traded down $0.96 during mid-day trading on Monday, hitting $78.59. The company had a trading volume of 2,185,081 shares, compared to its average volume of 1,395,533. The business has a fifty day simple moving average of $72.77 and a 200-day simple moving average of $85.42. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 103.41, a PEG ratio of 6.71 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 EPS for the quarter, beating 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 company had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same period last year, the company posted $2.35 earnings per share. The firm's revenue was down 1.4% compared to the same quarter last year. Equities analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.72%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Analyst Ratings Changes

ARE has been the topic of a number of recent analyst reports. Jefferies Financial Group reduced their price target on Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. Citigroup reduced their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $114.00 to $100.00 in a research report on Monday, May 12th. BNP Paribas Exane cut their target price on 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, Wedbush cut their target price on Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Eleven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $99.54.

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.