State of Alaska Department of Revenue Sells 4,754 Shares of Alexandria Real Estate Equities Inc (NYSE:ARE)

State of Alaska Department of Revenue lessened its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,017 shares of the real estate investment trust’s stock after selling 4,754 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Alexandria Real Estate Equities worth $9,705,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $30,000. CSat Investment Advisory L.P. lifted its stake in shares of Alexandria Real Estate Equities by 65.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 89 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Alexandria Real Estate Equities by 883.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 265 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Alexandria Real Estate Equities by 19.2% in the 2nd quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 87 shares during the last quarter. Finally, SRS Capital Advisors Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $95,000. 98.65% of the stock is owned by institutional investors.

In related news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.49, for a total transaction of $1,158,675.00. Following the transaction, the chairman now owns 438,462 shares in the company, valued at approximately $67,737,994.38. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Marc E. Binda sold 3,775 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $146.04, for a total value of $551,301.00. Following the transaction, the executive vice president now owns 39,569 shares in the company, valued at approximately $5,778,656.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,233 shares of company stock worth $14,160,256. 1.43% of the stock is owned by company insiders.

NYSE:ARE traded up $0.66 during mid-day trading on Friday, reaching $154.80. 858,019 shares of the company’s stock traded hands, compared to its average volume of 730,325. Alexandria Real Estate Equities Inc has a 12-month low of $109.04 and a 12-month high of $155.99. The firm has a market capitalization of $17.56 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 4.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.21 and a quick ratio of 0.21. The company has a 50 day moving average price of $151.14 and a 200-day moving average price of $145.95.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The business had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $366.81 million. During the same quarter in the prior year, the firm earned $1.64 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, analysts forecast that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current year.

The firm also recently declared a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 2.6%. Alexandria Real Estate Equities’s dividend payout ratio is presently 60.61%.

A number of equities research analysts have recently weighed in on ARE shares. Citigroup boosted their target price on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Robert W. Baird set a $152.00 target price on Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Wednesday, August 21st. GMP Securities reissued an “average” rating and issued a $26.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st. ValuEngine lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their target price on Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $115.36.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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