Louisiana State Employees Retirement System Sells 300 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Louisiana State Employees Retirement System lessened its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,900 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Alexandria Real Estate Equities were worth $1,041,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 171 shares during the last quarter. Mather Group LLC. bought a new position in shares of Alexandria Real Estate Equities during the first quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $35,000. Glassman Wealth Services grew its stake in shares of Alexandria Real Estate Equities by 122.1% in the fourth quarter. Glassman Wealth Services now owns 291 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 160 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $4.21, for a total value of $631,500.00. Following the transaction, the insider now owns 6,005,077 shares in the company, valued at $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.15% of the stock is owned by company insiders.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $120.55 on Wednesday. The firm’s 50-day simple moving average is $117.77 and its two-hundred day simple moving average is $119.80. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The stock has a market cap of $21.08 billion, a PE ratio of 112.67, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company 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 business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.31%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio is 485.98%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ARE shares. Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. 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 Tuesday, July 23rd. Evercore ISI lowered shares of Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and decreased their price objective for the stock from $133.00 to $126.00 in a report on Thursday, July 25th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, Royal Bank of Canada reduced their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $131.22.

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.