State of Alaska Department of Revenue Trims Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

State of Alaska Department of Revenue decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 5.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,717 shares of the real estate investment trust’s stock after selling 6,947 shares during the period. State of Alaska Department of Revenue owned about 0.07% of Alexandria Real Estate Equities worth $16,125,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ARE. Ronald Blue Trust Inc. purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $25,000. Guardian Wealth Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the third quarter worth $36,000. First Horizon Advisors Inc. increased its stake in Alexandria Real Estate Equities by 96.9% in the third quarter. First Horizon Advisors Inc. now owns 254 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 125 shares during the period. Private Trust Co. NA purchased a new stake in Alexandria Real Estate Equities in the second quarter worth $43,000. Finally, Parkside Financial Bank & Trust increased its stake in Alexandria Real Estate Equities by 93.8% in the third quarter. Parkside Financial Bank & Trust now owns 310 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Director Hunter Kass sold 3,803 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $167.45, for a total value of $636,812.35. Following the completion of the sale, the director now owns 87,850 shares of the company’s stock, valued at $14,710,482.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Alexandria Real Estate Equities news, Director Hunter Kass sold 3,803 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $167.45, for a total value of $636,812.35. Following the completion of the sale, the director now owns 87,850 shares of the company’s stock, valued at $14,710,482.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Joel S. Marcus sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $168.00, for a total value of $1,512,000.00. Following the completion of the sale, the chairman now directly owns 388,729 shares of the company’s stock, valued at approximately $65,306,472. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,101 shares of company stock valued at $2,700,271. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ARE. Evercore ISI dropped their price target on Alexandria Real Estate Equities to $168.00 in a research report on Friday, December 2nd. JPMorgan Chase & Co. increased their price target on Alexandria Real Estate Equities from $176.00 to $177.00 and gave the stock an “overweight” rating in a research report on Thursday, February 2nd. StockNews.com began coverage on Alexandria Real Estate Equities in a research report on Thursday. They set a “hold” rating on the stock. Mizuho increased their price target on Alexandria Real Estate Equities from $178.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, February 13th. Finally, JMP Securities reissued a “buy” rating and set a $180.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and a consensus target price of $175.63.

Alexandria Real Estate Equities Stock Down 2.6 %

ARE stock traded down $3.22 during trading on Friday, reaching $120.87. 5,926,084 shares of the company traded hands, compared to its average volume of 1,327,366. Alexandria Real Estate Equities, Inc. has a 12 month low of $118.48 and a 12 month high of $206.85. The business has a 50 day simple moving average of $152.74 and a 200 day simple moving average of $148.16. The company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.35 and a current ratio of 0.35.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its quarterly earnings data on Tuesday, January 31st. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($1.82). The company had revenue of $670.28 million for the quarter, compared to the consensus estimate of $674.21 million. Alexandria Real Estate Equities had a net margin of 20.15% and a return on equity of 2.80%. Alexandria Real Estate Equities’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.97 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.95 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a $1.21 dividend. This represents a $4.84 annualized dividend and a yield of 4.00%. The ex-dividend date is Thursday, March 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 154.63%.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.