Louisiana State Employees Retirement System Takes $1.20 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Louisiana State Employees Retirement System acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,500 shares of the real estate investment trust’s stock, valued at approximately $1,204,000.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in shares of Alexandria Real Estate Equities by 61.7% in the third quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 111 shares during the period. Ronald Blue Trust Inc. raised its holdings in shares of Alexandria Real Estate Equities by 142.5% in the third quarter. Ronald Blue Trust Inc. now owns 325 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 191 shares during the period. CENTRAL TRUST Co purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter worth approximately $33,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $36,000. Finally, Rational Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter worth approximately $37,000. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Trading Up 2.5 %

Shares of NYSE:ARE opened at $118.60 on Tuesday. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The business’s fifty day simple moving average is $122.82 and its 200-day simple moving average is $116.82. The company has a market capitalization of $20.75 billion, a PE ratio of 219.63, a P/E/G ratio of 2.64 and a beta of 1.05. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. During the same quarter in the prior year, the business posted $2.14 earnings per share. The company’s revenue was up 13.0% compared to the same quarter last year. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.28%. Alexandria Real Estate Equities’s dividend payout ratio is presently 940.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ARE. Mizuho increased their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $137.13.

Insider Activity

In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

About Alexandria Real Estate Equities

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.