Retirement Systems of Alabama Acquires 964 Shares of Alexandria Real Estate Equities Inc (ARE)

Retirement Systems of Alabama raised its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 82,171 shares of the real estate investment trust’s stock after purchasing an additional 964 shares during the period. Retirement Systems of Alabama’s holdings in Alexandria Real Estate Equities were worth $10,731,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Spirit of America Management Corp NY purchased a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $154,000. IFM Investors Pty Ltd purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $200,000. V Wealth Management LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $212,000. Conning Inc. purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $225,000. Finally, Simplex Trading LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $244,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $127.81, for a total transaction of $639,050.00. Following the sale, the executive vice president now directly owns 136,916 shares of the company’s stock, valued at approximately $17,499,233.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Dean A. Shigenaga sold 29,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $125.21, for a total transaction of $3,631,090.00. Following the sale, the chief financial officer now directly owns 147,864 shares in the company, valued at $18,514,051.44. The disclosure for this sale can be found here. Insiders have sold a total of 116,250 shares of company stock worth $14,752,120 over the last ninety days. 1.51% of the stock is owned by corporate insiders.

Several equities analysts have weighed in on ARE shares. Canaccord Genuity restated a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Royal Bank of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Finally, National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and an average price target of $105.67.

Shares of Alexandria Real Estate Equities Inc (ARE) opened at $122.66 on Monday. Alexandria Real Estate Equities Inc has a 12 month low of $106.89 and a 12 month high of $134.37. The stock has a market cap of $12,417.96, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($1.16). Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The firm had revenue of $298.79 million for the quarter, compared to analyst estimates of $293.63 million. During the same period in the prior year, the business earned $1.42 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 19.9% on a year-over-year basis. sell-side analysts predict that Alexandria Real Estate Equities Inc will post 6.57 earnings per share for the current fiscal year.

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Alexandria Real Estate Equities Profile

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.

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

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