Illinois Municipal Retirement Fund Buys 26,183 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Illinois Municipal Retirement Fund raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 347.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,714 shares of the real estate investment trust’s stock after acquiring an additional 26,183 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Alexandria Real Estate Equities were worth $4,726,000 at the end of the most recent reporting period.

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Several other hedge funds and other institutional investors have also recently made changes to their positions in ARE. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 8.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 348 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 242.4% during the 1st quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 3,185 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 14.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock valued at $957,000 after purchasing an additional 598 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC raised its stake in Alexandria Real Estate Equities by 7.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Analyst Rating Changes

ARE has been the subject of a number of research analyst reports. StockNews.com initiated coverage on Alexandria Real Estate Equities in a research note on Wednesday, October 12th. They issued a “sell” rating for the company. Robert W. Baird raised their target price on Alexandria Real Estate Equities from $151.00 to $162.00 in a research note on Friday, December 2nd. Evercore ISI reduced their target price on Alexandria Real Estate Equities to $168.00 in a research note on Friday, December 2nd. BTIG Research reduced their price objective on Alexandria Real Estate Equities from $233.00 to $186.00 in a research note on Wednesday, October 19th. Finally, JMP Securities reiterated a “buy” rating and set a $180.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Moderate Buy” and an average target price of $173.43.

Insiders Activity

In related news, insider Vincent Ciruzzi sold 6,998 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $150.76, for a total value of $1,055,018.48. Following the sale, the insider now directly owns 39,806 shares in the company, valued at approximately $6,001,152.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Dean A. Shigenaga sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $152.51, for a total value of $1,372,590.00. Following the sale, the chief financial officer now directly owns 134,832 shares in the company, valued at approximately $20,563,228.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vincent Ciruzzi sold 6,998 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $150.76, for a total value of $1,055,018.48. Following the transaction, the insider now owns 39,806 shares in the company, valued at $6,001,152.56. The disclosure for this sale can be found here. Insiders have sold 34,253 shares of company stock worth $5,179,946 in the last ninety days. Company insiders own 0.96% of the company’s stock.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $157.04 on Monday. Alexandria Real Estate Equities, Inc. has a 52 week low of $126.74 and a 52 week high of $206.85. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $25.77 billion, a PE ratio of 47.73, a price-to-earnings-growth ratio of 2.28 and a beta of 0.91. The stock’s 50-day moving average price is $149.63 and its 200-day moving average price is $149.29.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). Alexandria Real Estate Equities had a net margin of 21.73% and a return on equity of 3.03%. The business had revenue of $659.90 million for the quarter, compared to analyst estimates of $657.48 million. During the same quarter last year, the business earned $1.95 earnings per share. Alexandria Real Estate Equities’s revenue was up 20.5% on a year-over-year basis. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 8.41 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a dividend of $1.21 per share. The ex-dividend date of this dividend was Thursday, December 29th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. This represents a $4.84 dividend on an annualized basis and a dividend yield of 3.08%. Alexandria Real Estate Equities’ dividend payout ratio (DPR) is 147.11%.

Alexandria Real Estate Equities Profile

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Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. The firm engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.

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

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