20,000 Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 51.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,734 shares of the real estate investment trust’s stock after buying an additional 20,000 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Alexandria Real Estate Equities were worth $2,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. Parcion Private Wealth LLC acquired a new position in Alexandria Real Estate Equities in the third quarter worth approximately $485,000. Soltis Investment Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $240,000. D.A. Davidson & CO. lifted its position in shares of Alexandria Real Estate Equities by 29.7% during the 3rd quarter. D.A. Davidson & CO. now owns 8,132 shares of the real estate investment trust’s stock valued at $386,000 after acquiring an additional 1,861 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Alexandria Real Estate Equities by 2.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 229,257 shares of the real estate investment trust’s stock valued at $10,881,000 after acquiring an additional 5,428 shares during the last quarter. Finally, Abundance Wealth Counselors boosted its stake in shares of Alexandria Real Estate Equities by 17.1% during the 3rd quarter. Abundance Wealth Counselors now owns 41,662 shares of the real estate investment trust’s stock worth $1,977,000 after acquiring an additional 6,079 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Joel Marcus purchased 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $49.68 per share, for a total transaction of $248,400.00. Following the completion of the transaction, the chairman owned 597,724 shares in the company, valued at $29,694,928.32. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $50.51, for a total transaction of $849,073.10. Following the transaction, the executive vice president directly owned 39,152 shares of the company’s stock, valued at $1,977,567.52. This represents a 30.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.35% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Trading Up 5.9%

ARE opened at $42.59 on Tuesday. The firm’s fifty day moving average is $47.88 and its two-hundred day moving average is $49.64. The firm has a market cap of $7.42 billion, a PE ratio of 5.57 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a twelve month low of $38.34 and a twelve month high of $59.76. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.19 and a current ratio of 0.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($3.71). The company had revenue of $671.18 million during the quarter, compared to the consensus estimate of $646.26 million. Alexandria Real Estate Equities had a negative net margin of 51.81% and a negative return on equity of 7.52%. Alexandria Real Estate Equities’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.22 earnings per share. Equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.72 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.88 annualized dividend and a yield of 6.8%. Alexandria Real Estate Equities’s payout ratio is -34.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their target price on Alexandria Real Estate Equities from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Friday, September 18th. Citizens Jmp reiterated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Royal Bank Of Canada set a $41.00 price target on Alexandria Real Estate Equities in a research note on Monday, October 12th. BNP Paribas Exane cut their price objective on Alexandria Real Estate Equities from $40.00 to $37.00 and set an “underperform” rating on the stock in a report on Wednesday, October 28th. Finally, Cantor Fitzgerald reduced their price objective on shares of Alexandria Real Estate Equities from $52.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, October 28th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $49.36.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE) is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.