Alexandria Real Estate Equities Inc (ARE) Shares Sold by Oregon Public Employees Retirement Fund

Share on StockTwits

Oregon Public Employees Retirement Fund reduced its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.2% in the 4th quarter, HoldingsChannel reports. The firm owned 11,219 shares of the real estate investment trust’s stock after selling 142 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Alexandria Real Estate Equities were worth $1,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Loeb Partners Corp bought a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth $115,000. Nissay Asset Management Corp Japan ADV grew its stake in shares of Alexandria Real Estate Equities by 2.5% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 15,883 shares of the real estate investment trust’s stock worth $1,830,000 after purchasing an additional 383 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Alexandria Real Estate Equities by 6.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,502 shares of the real estate investment trust’s stock worth $288,000 after purchasing an additional 142 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Alexandria Real Estate Equities by 53.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 239 shares during the last quarter. Finally, Cigna Investments Inc. New grew its stake in shares of Alexandria Real Estate Equities by 3.6% in the fourth quarter. Cigna Investments Inc. New now owns 3,185 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 110 shares during the last quarter.

In other news, insider Joel S. Marcus sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $126.26, for a total transaction of $1,262,600.00. Following the transaction, the insider now owns 537,255 shares in the company, valued at $67,833,816.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $125.09, for a total transaction of $938,175.00. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock worth $4,747,175 in the last quarter. Company insiders own 1.41% of the company’s stock.

ARE has been the topic of several analyst reports. CIBC reissued a “buy” rating and issued a $23.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Evercore ISI set a $148.00 target price on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Royal Bank of Canada upgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a report on Friday, December 14th. Citigroup upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and boosted their target price for the company from $133.00 to $144.00 in a report on Monday, December 3rd. Finally, ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and an average target price of $108.88.

ARE stock traded down $0.52 during midday trading on Tuesday, hitting $133.18. The stock had a trading volume of 3,190 shares, compared to its average volume of 723,021. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 3.14 and a beta of 0.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.70. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $133.76.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($1.99). The firm had revenue of $340.50 million during the quarter, compared to analyst estimates of $348.01 million. Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. Alexandria Real Estate Equities’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 EPS. Research analysts expect that Alexandria Real Estate Equities Inc will post 6.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a $0.97 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Friday, December 28th. This represents a $3.88 annualized dividend and a yield of 2.91%. Alexandria Real Estate Equities’s payout ratio is presently 58.79%.

COPYRIGHT VIOLATION WARNING: This report was originally published by Ticker Report and is the property of of Ticker Report. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/4146252/alexandria-real-estate-equities-inc-are-shares-sold-by-oregon-public-employees-retirement-fund.html.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust (?REIT?) uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $19.1 billion and an asset base in North America of 32.2 million square feet (?SF?) as of September 30, 2018.

Featured Story: What is a short straddle?

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Parkwood LLC Has $772,000 Holdings in Ceridian HCM Holding Inc
Parkwood LLC Has $772,000 Holdings in Ceridian HCM Holding Inc
Parkwood LLC Has $4.41 Million Stake in Primerica, Inc.
Parkwood LLC Has $4.41 Million Stake in Primerica, Inc.
Petro Matad  Stock Price Down 12.9%
Petro Matad Stock Price Down 12.9%
Parkwood LLC Sells 20,302 Shares of IHS Markit Ltd
Parkwood LLC Sells 20,302 Shares of IHS Markit Ltd
Whittier Trust Co. of Nevada Inc. Has $2.82 Million Holdings in Valero Energy Co.
Whittier Trust Co. of Nevada Inc. Has $2.82 Million Holdings in Valero Energy Co.
iShares Russell 2000 Value ETF  Holdings Lifted by Whittier Trust Co. of Nevada Inc.
iShares Russell 2000 Value ETF Holdings Lifted by Whittier Trust Co. of Nevada Inc.


Leave a Reply

© 2006-2019 Ticker Report