Public Employees Retirement System of Ohio Makes New $27.64 Million Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Public Employees Retirement System of Ohio purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 283,346 shares of the real estate investment trust’s stock, valued at approximately $27,640,000.

Several other institutional investors and hedge funds have also made changes to their positions in ARE. Merit Financial Group LLC acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at about $228,000. Exchange Traded Concepts LLC raised its position in shares of Alexandria Real Estate Equities by 4.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 5,241 shares of the real estate investment trust’s stock valued at $511,000 after buying an additional 228 shares during the last quarter. Gradient Investments LLC lifted its stake in shares of Alexandria Real Estate Equities by 22.4% during the fourth quarter. Gradient Investments LLC now owns 128,733 shares of the real estate investment trust’s stock valued at $12,558,000 after buying an additional 23,548 shares during the period. Fifth Third Bancorp boosted its position in Alexandria Real Estate Equities by 16.0% during the fourth quarter. Fifth Third Bancorp now owns 13,669 shares of the real estate investment trust’s stock worth $1,333,000 after acquiring an additional 1,883 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Alexandria Real Estate Equities by 7.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 32,532 shares of the real estate investment trust’s stock worth $3,173,000 after acquiring an additional 2,319 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ARE has been the subject of several analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price on the stock. Wedbush restated a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $116.00.

Alexandria Real Estate Equities Trading Down 1.1%

NYSE ARE opened at $67.88 on Friday. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a one year low of $67.37 and a one year high of $130.14. The company’s 50 day moving average price is $79.63 and its 200 day moving average price is $93.75.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 EPS. On average, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.78%. The ex-dividend date was Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 694.74%.

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.