Retirement Systems of Alabama decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,207 shares of the real estate investment trust’s stock after selling 6,835 shares during the quarter. Retirement Systems of Alabama owned 0.08% of Alexandria Real Estate Equities worth $9,661,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 8 shares during the period. Gateway Investment Advisers LLC raised its stake in shares of Alexandria Real Estate Equities by 0.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock valued at $680,000 after purchasing an additional 23 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 25 shares during the period. Public Employees Retirement Association of Colorado raised its stake in shares of 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 valued at $2,068,000 after purchasing an additional 47 shares during the period. Finally, First Personal Financial Services raised its stake in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares during the period.

A number of analysts recently issued reports on the company. Bank of America Corporation lifted their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Zacks Investment Research raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Mizuho reaffirmed a “buy” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. 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. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus price target of $113.17.

In related news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $125.26, for a total transaction of $626,300.00. Following the completion of the transaction, the executive vice president now owns 146,916 shares in the company, valued at $18,402,698.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction dated 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 transaction, the chief executive officer now owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. Insiders have sold 40,000 shares of company stock valued at $4,806,000 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.watchlistnews.com/alexandria-real-estate-equities-inc-are-shares-sold-by-retirement-systems-of-alabama/1713767.html.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at $126.21 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $12,080.57, a PE ratio of 21.36, a P/E/G ratio of 3.48 and a beta of 0.85. Alexandria Real Estate Equities, Inc. has a 12-month low of $105.74 and a 12-month high of $127.15.

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

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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE).

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 Analyst Ratings Network's FREE daily email newsletter.