State of Alaska Department of Revenue boosted its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 54.1% during the first quarter, Holdings Channel reports. The fund owned 45,579 shares of the real estate investment trust’s stock after buying an additional 16,009 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Alexandria Real Estate Equities worth $5,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Alexandria Real Estate Equities by 7.8% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,704 shares of the real estate investment trust’s stock worth $946,000 after buying an additional 630 shares during the last quarter. World Asset Management Inc boosted its position in shares of Alexandria Real Estate Equities by 28.5% in the third quarter. World Asset Management Inc now owns 7,011 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 1,555 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Alexandria Real Estate Equities by 5.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 260,310 shares of the real estate investment trust’s stock worth $28,314,000 after buying an additional 12,856 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Alexandria Real Estate Equities by 5.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,407 shares of the real estate investment trust’s stock worth $2,546,000 after buying an additional 1,131 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of Alexandria Real Estate Equities by 5.2% in the third quarter. Texas Permanent School Fund now owns 59,400 shares of the real estate investment trust’s stock worth $6,461,000 after buying an additional 2,915 shares during the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.

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

Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) traded up 0.24% on Thursday, hitting $115.94. The company’s stock had a trading volume of 798,866 shares. The stock’s 50 day moving average price is $112.48 and its 200 day moving average price is $110.37. Alexandria Real Estate Equities Inc has a 52 week low of $90.34 and a 52 week high of $120.96. The stock’s market capitalization is $10.30 billion.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 30th. The real estate investment trust reported $1.42 EPS for the quarter, missing the Zacks’ consensus estimate of $1.43 by $0.01. The company had revenue of $249.20 million for the quarter, compared to analyst estimates of $181.32 million. Alexandria Real Estate Equities had a negative net margin of 8.78% and a negative return on equity of 0.78%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. On average, analysts forecast that Alexandria Real Estate Equities Inc will post $1.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Wednesday, March 29th. Alexandria Real Estate Equities’s dividend payout ratio is currently -165.17%.

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A number of research analysts recently weighed in on the company. Evercore ISI cut Alexandria Real Estate Equities to a “buy” rating in a report on Friday, March 3rd. Barclays PLC lifted their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, January 26th. Finally, Mizuho reiterated a “buy” rating and issued a $125.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $118.88.

In other news, CEO Joel S. Marcus sold 6,500 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $112.60, for a total transaction of $731,900.00. Following the completion of the transaction, the chief executive officer now owns 718,619 shares of the company’s stock, valued at $80,916,499.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James P. Cain sold 250 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $109.54, for a total transaction of $27,385.00. Following the transaction, the director now directly owns 3,128 shares of the company’s stock, valued at approximately $342,641.12. The disclosure for this sale can be found here. Insiders have sold 84,250 shares of company stock valued at $9,417,210 in the last ninety days. 1.60% of the stock is owned by company insiders.

About Alexandria Real Estate Equities

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.

5 Day Chart for NYSE:ARE

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