Public Employees Retirement Association of Colorado reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 1.2% during the first quarter, Holdings Channel reports. The fund owned 112,284 shares of the real estate investment trust’s stock after selling 1,340 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alexandria Real Estate Equities were worth $14,475,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Alexandria Real Estate Equities by 14.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock worth $36,331,000 after purchasing an additional 34,854 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities by 24.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock valued at $5,476,000 after acquiring an additional 8,555 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Alexandria Real Estate Equities by 18.3% during the fourth quarter. Hsbc Holdings PLC now owns 545,069 shares of the real estate investment trust’s stock worth $69,245,000 after purchasing an additional 84,479 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Alexandria Real Estate Equities by 2.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after purchasing an additional 9,187 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Alexandria Real Estate Equities by 19.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after purchasing an additional 25,955 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Alexandria Real Estate Equities
In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on Alexandria Real Estate Equities
Alexandria Real Estate Equities Trading Down 1.3 %
Shares of NYSE ARE opened at $117.40 on Tuesday. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a 50-day moving average of $118.50 and a 200 day moving average of $120.77. The stock has a market cap of $20.54 billion, a P/E ratio of 109.72, a price-to-earnings-growth ratio of 2.98 and a beta of 1.15.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the prior year, the company posted $2.24 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.49 EPS for the current fiscal year.
Alexandria Real Estate Equities Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.30 dividend. The ex-dividend date was Friday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a yield of 4.43%. Alexandria Real Estate Equities’s payout ratio is 485.99%.
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.
Further Reading
- Five stocks we like better than Alexandria Real Estate Equities
- 3 Stocks to Consider Buying in October
- Should You Invest in Bonds? Here’s What to Know
- Top Biotech Stocks: Exploring Innovation Opportunities
- Why This Manufacturer is Committing to a Massive Buyback Program
- 3 Monster Growth Stocks to Buy Now
- Top 2 Cheap Healthcare Stocks to Buy as Sector Outperforms
Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report).
Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.