State of New Jersey Common Pension Fund D Has $31.43 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

State of New Jersey Common Pension Fund D boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,945 shares of the real estate investment trust’s stock after acquiring an additional 5,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.14% of Alexandria Real Estate Equities worth $31,432,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ARE. Mutual of America Capital Management LLC raised its position in Alexandria Real Estate Equities by 24.7% in the 4th quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust’s stock valued at $5,476,000 after purchasing an additional 8,555 shares during the last quarter. Whittier Trust Co. boosted its stake in Alexandria Real Estate Equities by 36.0% during the 4th quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust’s stock worth $9,550,000 after acquiring an additional 19,931 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after purchasing an additional 25,955 shares during the period. Tobam increased its stake in Alexandria Real Estate Equities by 87.3% in the fourth quarter. Tobam now owns 1,103 shares of the real estate investment trust’s stock valued at $140,000 after purchasing an additional 514 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Alexandria Real Estate Equities by 204.3% in the fourth quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust’s stock worth $2,265,000 after purchasing an additional 11,994 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on ARE shares. Deutsche Bank Aktiengesellschaft assumed coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target on the stock. Evercore ISI reduced their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday. Mizuho increased their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Moderate Buy” and an average target price of $136.75.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $1.07 during trading on Friday, reaching $116.23. 888,255 shares of the stock traded hands, compared to its average volume of 1,004,676. The stock has a market capitalization of $20.33 billion, a P/E ratio of 109.61, a price-to-earnings-growth ratio of 2.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The company has a 50-day moving average of $123.04 and a 200-day moving average of $117.00. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $2.14 earnings per share. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 474.77%.

Insider Activity

In related news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.