Texas Permanent School Fund Decreases Holdings in Alexandria Real Estate Equities Inc (ARE)

Texas Permanent School Fund reduced its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 5.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,741 shares of the real estate investment trust’s stock after selling 1,389 shares during the period. Texas Permanent School Fund’s holdings in Alexandria Real Estate Equities were worth $2,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of ARE. Principal Financial Group Inc. lifted its stake in shares of Alexandria Real Estate Equities by 15.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,046,501 shares of the real estate investment trust’s stock valued at $505,368,000 after purchasing an additional 543,870 shares during the period. Jane Street Group LLC acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at $342,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Alexandria Real Estate Equities by 49.5% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,239 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 1,735 shares during the period. LPL Financial LLC lifted its stake in shares of Alexandria Real Estate Equities by 11.5% in the 1st quarter. LPL Financial LLC now owns 9,147 shares of the real estate investment trust’s stock valued at $1,142,000 after purchasing an additional 941 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Alexandria Real Estate Equities by 94.2% in the 1st quarter. Allianz Asset Management GmbH now owns 316,840 shares of the real estate investment trust’s stock valued at $39,570,000 after purchasing an additional 153,675 shares during the period.

Shares of NYSE ARE opened at $122.29 on Friday. The firm has a market capitalization of $13.11 billion, a P/E ratio of 20.31, a P/E/G ratio of 3.06 and a beta of 0.70. The company has a quick ratio of 0.39, a current ratio of 0.27 and a debt-to-equity ratio of 0.78. Alexandria Real Estate Equities Inc has a one year low of $114.00 and a one year high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, topping the consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. The company had revenue of $341.80 million during the quarter, compared to analyst estimates of $343.42 million. During the same quarter in the previous year, the firm earned $1.51 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities Inc will post 6.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, September 27th. Alexandria Real Estate Equities’s payout ratio is 61.79%.

In related news, insider Thomas J. Andrews sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $127.70, for a total value of $1,277,000.00. Following the completion of the sale, the insider now owns 176,916 shares of the company’s stock, valued at $22,592,173.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Ryan sold 7,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $127.66, for a total transaction of $893,620.00. Following the completion of the sale, the insider now directly owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The disclosure for this sale can be found here. Insiders have sold 39,000 shares of company stock valued at $5,006,740 in the last ninety days. Insiders own 1.41% of the company’s stock.

Several equities analysts recently issued reports on ARE shares. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research note on Monday. Evercore ISI set a $148.00 target price on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a research note on Monday, October 15th. Citigroup boosted their target price on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Finally, Barclays boosted their target price on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.17.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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