Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock Position Lessened by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,038 shares of the real estate investment trust’s stock after selling 6,513 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Alexandria Real Estate Equities were worth $3,046,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of ARE. EverSource Wealth Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 275.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 171 shares in the last quarter. Mather Group LLC. bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $30,000. UMB Bank n.a. boosted its stake in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $33,000. Finally, Riverview Trust Co bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $37,000. Institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on ARE. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $130.00 to $125.00 in a research note on Friday. Evercore ISI raised their target price on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Royal Bank of Canada decreased their price target on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $130.70.

Alexandria Real Estate Equities Trading Up 2.1 %

NYSE:ARE opened at $124.42 on Monday. The stock has a fifty day simple moving average of $118.58 and a 200 day simple moving average of $119.85. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 116.28, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($2.09). The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.24 earnings per share. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is currently 485.99%.

Alexandria Real Estate Equities 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.