Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $815,000 Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,766 shares of the real estate investment trust’s stock after purchasing an additional 173 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Alexandria Real Estate Equities were worth $815,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its holdings in Alexandria Real Estate Equities by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock valued at $240,656,000 after purchasing an additional 255,378 shares during the last quarter. Westpac Banking Corp grew its stake in shares of Alexandria Real Estate Equities by 4.2% in the second quarter. Westpac Banking Corp now owns 182,237 shares of the real estate investment trust’s stock worth $21,954,000 after acquiring an additional 7,322 shares during the last quarter. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $19,453,000. Swiss National Bank grew its stake in shares of Alexandria Real Estate Equities by 15.0% in the second quarter. Swiss National Bank now owns 323,800 shares of the real estate investment trust’s stock worth $39,008,000 after acquiring an additional 42,300 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 19.5% in the second quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock worth $365,624,000 after acquiring an additional 494,964 shares during the last quarter.

In related news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the sale, the executive vice president now owns 158,000 shares in the company, valued at approximately $19,051,640. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Peter M. Moglia sold 2,000 shares of the stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total value of $238,540.00. Following the completion of the sale, the insider now owns 85,867 shares in the company, valued at approximately $10,241,357.09. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,893 shares of company stock worth $5,909,779. 1.60% of the stock is owned by company insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 120.83 on Friday. The firm has a market cap of $11.31 billion, a P/E ratio of 272.75 and a beta of 0.87. The stock has a 50 day moving average of $120.53 and a 200 day moving average of $117.21. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the prior year, the business earned $1.36 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

ARE has been the topic of several research analyst reports. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC raised their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $128.25.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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

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