Retirement Systems of Alabama Acquires 23,228 Shares of Alexandria Real Estate Equities Inc (ARE)

Retirement Systems of Alabama increased its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 12.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 216,448 shares of the real estate investment trust’s stock after purchasing an additional 23,228 shares during the quarter. Retirement Systems of Alabama’s holdings in Alexandria Real Estate Equities were worth $27,227,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ARE. Calamos Advisors LLC increased its stake in Alexandria Real Estate Equities by 6.8% during the 3rd quarter. Calamos Advisors LLC now owns 47,275 shares of the real estate investment trust’s stock valued at $5,947,000 after purchasing an additional 2,997 shares in the last quarter. Duff & Phelps Investment Management Co. increased its stake in Alexandria Real Estate Equities by 21.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 725,165 shares of the real estate investment trust’s stock valued at $91,219,000 after purchasing an additional 128,400 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Alexandria Real Estate Equities by 17.3% in the 3rd quarter. IFM Investors Pty Ltd now owns 5,479 shares of the real estate investment trust’s stock valued at $689,000 after acquiring an additional 807 shares during the period. Strs Ohio increased its position in shares of Alexandria Real Estate Equities by 12.6% in the 3rd quarter. Strs Ohio now owns 469,664 shares of the real estate investment trust’s stock valued at $59,079,000 after acquiring an additional 52,627 shares during the period. Finally, Oakbrook Investments LLC increased its position in shares of Alexandria Real Estate Equities by 46.9% in the 3rd quarter. Oakbrook Investments LLC now owns 5,641 shares of the real estate investment trust’s stock valued at $710,000 after acquiring an additional 1,800 shares during the period.

ARE has been the topic of several research reports. Evercore ISI set a $148.00 target price on Alexandria Real Estate Equities and gave the company a “buy” rating in a research report on Monday, October 15th. Citigroup upped their target price on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Finally, Barclays increased their price objective on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, July 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $123.37.



Shares of NYSE:ARE opened at $124.66 on Friday. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.39 and a current ratio of 0.39. The company has a market capitalization of $12.75 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.98 and a beta of 0.70.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.64. The company had revenue of $325.00 million for the quarter, compared to the consensus estimate of $331.27 million. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. Alexandria Real Estate Equities’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. On average, analysts forecast that Alexandria Real Estate Equities Inc will post 6.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.93 dividend. The ex-dividend date was Thursday, September 27th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.98%. Alexandria Real Estate Equities’s payout ratio is currently 61.79%.

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 10,000 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $128.38, for a total transaction of $1,283,800.00. Following the sale, the chairman now directly owns 572,255 shares of the company’s stock, valued at approximately $73,466,096.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel S. Marcus sold 29,500 shares of the stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $126.87, for a total value of $3,742,665.00. Following the sale, the insider now directly owns 582,255 shares in the company, valued at $73,870,691.85. The disclosure for this sale can be found here. Insiders sold 76,250 shares of company stock worth $9,731,103 in the last quarter. Company insiders own 1.41% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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