Teachers Insurance & Annuity Association of America Purchases 17,995 Shares of Alexandria Real Estate Equities Inc (NYSE:ARE)

Teachers Insurance & Annuity Association of America raised its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,725 shares of the real estate investment trust’s stock after buying an additional 17,995 shares during the quarter. Alexandria Real Estate Equities accounts for 2.0% of Teachers Insurance & Annuity Association of America’s holdings, making the stock its 16th biggest holding. Teachers Insurance & Annuity Association of America’s holdings in Alexandria Real Estate Equities were worth $17,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $30,000. FinTrust Capital Advisors LLC increased its stake in Alexandria Real Estate Equities by 275.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 160 shares during the period. Meeder Asset Management Inc. increased its stake in Alexandria Real Estate Equities by 883.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 265 shares during the period. Signaturefd LLC raised its holdings in Alexandria Real Estate Equities by 41.0% in the 1st quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock valued at $65,000 after acquiring an additional 132 shares in the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $95,000. 98.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alexandria Real Estate Equities stock traded up $0.57 during trading on Wednesday, reaching $152.18. 15,469 shares of the company’s stock were exchanged, compared to its average volume of 579,777. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $153.72. The company has a market cap of $17.30 billion, a P/E ratio of 23.10, a PEG ratio of 4.58 and a beta of 0.74. The firm’s 50-day moving average price is $147.08 and its 200 day moving average price is $144.17.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.04). The business had revenue of $373.90 million for the quarter, compared to analyst estimates of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. The firm’s revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.64 EPS. As a group, equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current year.

The business also recently declared a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $1.00 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 60.61%.

Several analysts have recently issued reports on the company. Robert W. Baird set a $152.00 target price on Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Wednesday, August 21st. GMP Securities reaffirmed an “average” rating and issued a $26.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st. Citigroup upped their price objective on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Finally, ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $115.36.

In other news, insider Joel S. Marcus sold 20,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $145.10, for a total value of $2,902,000.00. Following the completion of the transaction, the insider now directly owns 495,712 shares in the company, valued at approximately $71,927,811.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus sold 9,750 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $152.75, for a total value of $1,489,312.50. Following the completion of the transaction, the chairman now owns 445,962 shares of the company’s stock, valued at $68,120,695.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,250 shares of company stock valued at $12,447,290. 1.43% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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