Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $906,000 Position in Alexandria Real Estate Equities, Inc. (ARE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,614 shares of the real estate investment trust’s stock after acquiring an additional 848 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Alexandria Real Estate Equities were worth $906,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ARE. Public Employees Retirement Association of Colorado boosted its stake in Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 47 shares during the period. NGAM Advisors L.P. boosted its position in shares of Alexandria Real Estate Equities by 4.1% during the 2nd quarter. NGAM Advisors L.P. now owns 13,213 shares of the real estate investment trust’s stock valued at $1,592,000 after acquiring an additional 524 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Alexandria Real Estate Equities by 510.9% during the 2nd quarter. IFP Advisors Inc now owns 1,906 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 1,594 shares during the last quarter. Retirement Systems of Alabama boosted its position in shares of Alexandria Real Estate Equities by 1.4% during the 2nd quarter. Retirement Systems of Alabama now owns 88,042 shares of the real estate investment trust’s stock valued at $10,606,000 after acquiring an additional 1,196 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Alexandria Real Estate Equities by 3.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 48,400 shares of the real estate investment trust’s stock valued at $5,647,000 after acquiring an additional 1,700 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at $126.85 on Thursday. The stock has a market capitalization of $12,062.36, a price-to-earnings ratio of 21.32, a P/E/G ratio of 3.59 and a beta of 0.84. Alexandria Real Estate Equities, Inc. has a 52-week low of $105.74 and a 52-week high of $130.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). The company had revenue of $285.60 million during the quarter, compared to the consensus estimate of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.39 earnings per share. analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.90 dividend. The ex-dividend date is Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a yield of 2.84%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 390.91%.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 27,500 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $129.60, for a total value of $3,564,000.00. Following the sale, the chief executive officer now owns 623,936 shares in the company, valued at $80,862,105.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the sale, the chief executive officer now owns 664,436 shares in the company, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,250 shares of company stock valued at $10,919,130. 1.60% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Monday. Mizuho reiterated a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Finally, National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $113.17.

ILLEGAL ACTIVITY WARNING: This piece was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/07/commonwealth-of-pennsylvania-public-school-empls-retrmt-sys-has-906000-position-in-alexandria-real-estate-equities-inc-are.html.

Alexandria Real Estate Equities 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)

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply