Public Employees Retirement System of Ohio Buys 37,515 Shares of Alexandria Real Estate Equities Inc (ARE)

Public Employees Retirement System of Ohio lifted its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 26.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,013 shares of the real estate investment trust’s stock after acquiring an additional 37,515 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Alexandria Real Estate Equities worth $21,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Muzinich & Co. Inc. grew its stake in shares of Alexandria Real Estate Equities by 30.4% during the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 220 shares in the last quarter. Capital Analysts LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at $125,000. First Personal Financial Services boosted its stake in Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 81 shares in the last quarter. Spirit of America Management Corp NY acquired a new position in Alexandria Real Estate Equities in the third quarter valued at $154,000. Finally, Fox Run Management L.L.C. acquired a new position in Alexandria Real Estate Equities in the third quarter valued at $226,000.

In related news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter M. Moglia sold 1,750 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $130.00, for a total transaction of $227,500.00. Following the transaction, the insider now directly owns 115,117 shares of the company’s stock, valued at $14,965,210. The disclosure for this sale can be found here. Insiders have sold 87,250 shares of company stock valued at $10,960,980 in the last quarter. Insiders own 1.60% of the company’s stock.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $132.84 on Monday. Alexandria Real Estate Equities Inc has a 12 month low of $106.34 and a 12 month high of $133.00. The firm has a market cap of $12,713.27, a PE ratio of 22.47 and a beta of 0.84. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The business had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. During the same quarter last year, the company posted $1.39 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 24.0% on a year-over-year basis. research analysts expect that Alexandria Real Estate Equities Inc will post 6.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.90 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. This represents a $3.60 annualized dividend and a dividend yield of 2.71%. Alexandria Real Estate Equities’s dividend payout ratio is 390.91%.

ARE has been the subject of several research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $20.37 price objective on shares of Alexandria Real Estate Equities in a research note 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 price objective for the company in a research note on Monday, December 4th. Mizuho restated a “buy” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Finally, Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average target price of $99.91.

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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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