Strs Ohio Sells 23,800 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Strs Ohio trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 475,835 shares of the real estate investment trust's stock after selling 23,800 shares during the quarter. Strs Ohio owned about 0.27% of Alexandria Real Estate Equities worth $60,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at approximately $2,277,135,000. BlackRock Inc. increased its position in Alexandria Real Estate Equities by 8.5% in the 1st quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust's stock valued at $2,152,452,000 after acquiring an additional 1,338,634 shares during the period. Centersquare Investment Management LLC increased its position in Alexandria Real Estate Equities by 188.7% in the 1st quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust's stock valued at $269,938,000 after acquiring an additional 876,725 shares during the period. State Street Corp increased its position in Alexandria Real Estate Equities by 4.2% in the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust's stock valued at $1,348,934,000 after acquiring an additional 424,932 shares during the period. Finally, Prudential Financial Inc. increased its position in Alexandria Real Estate Equities by 323.6% in the 1st quarter. Prudential Financial Inc. now owns 525,170 shares of the real estate investment trust's stock valued at $105,690,000 after acquiring an additional 401,193 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $2.06 during trading hours on Friday, hitting $121.84. 535,410 shares of the company were exchanged, compared to its average volume of 829,532. The company has a market capitalization of $21.32 billion, a PE ratio of 225.63, a PEG ratio of 2.79 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a fifty day simple moving average of $122.85 and a 200-day simple moving average of $116.03. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The business's revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.14 earnings per share. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $1.27 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.17%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 940.76%.

Insider Transactions at Alexandria Real Estate Equities

In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company's stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the sale, the chairman now owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on ARE shares. JMP Securities restated a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, March 21st. Wedbush reaffirmed an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho increased their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a "buy" rating and a $140.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.13.

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.