Public Employees Retirement Association of Colorado Sells 96,072 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Public Employees Retirement Association of Colorado decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 86.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,845 shares of the real estate investment trust's stock after selling 96,072 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Alexandria Real Estate Equities were worth $1,448,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Virtu Financial LLC acquired a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $276,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at $43,000. Tidal Investments LLC boosted its position in shares of Alexandria Real Estate Equities by 26.6% in the third quarter. Tidal Investments LLC now owns 16,808 shares of the real estate investment trust's stock worth $1,996,000 after buying an additional 3,535 shares during the period. Inspire Trust Co. N.A. grew its holdings in shares of Alexandria Real Estate Equities by 17.6% during the third quarter. Inspire Trust Co. N.A. now owns 10,000 shares of the real estate investment trust's stock valued at $1,188,000 after buying an additional 1,500 shares in the last quarter. Finally, Copley Financial Group Inc. acquired a new position in Alexandria Real Estate Equities during the third quarter valued at $420,000. Institutional investors own 96.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ARE shares. StockNews.com 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 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 target price for the company. Finally, JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Stock Up 1.4 %

Shares of ARE stock traded up $1.02 during trading hours on Friday, hitting $74.44. 1,389,066 shares of the company were exchanged, compared to its average volume of 1,208,187. The company has a market capitalization of $12.88 billion, a PE ratio of 41.36, a PEG ratio of 3.93 and a beta of 1.27. Alexandria Real Estate Equities, Inc. has a 52 week low of $70.57 and a 52 week high of $130.14. The business has a 50 day moving average of $88.13 and a two-hundred day moving average of $98.14. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data 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. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. Analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 7.09%. Alexandria Real Estate Equities's dividend payout ratio is currently 694.74%.

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.