State of New Jersey Common Pension Fund D Has $31.43 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

State of New Jersey Common Pension Fund D boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 247,945 shares of the real estate investment trust’s stock after acquiring an additional 5,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Alexandria Real Estate Equities were worth $31,432,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Supplemental Annuity Collective Trust of NJ acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $203,000. Bailard Inc. acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $236,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in Alexandria Real Estate Equities by 8.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,721 shares of the real estate investment trust’s stock valued at $598,000 after acquiring an additional 376 shares in the last quarter. Capital Advisors Ltd. LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth $25,000. Finally, GAMMA Investing LLC acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $127,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on ARE. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective for the company. Mizuho increased their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Trading Down 0.9 %

ARE traded down $1.07 during midday trading on Friday, reaching $116.23. 888,255 shares of the company’s stock traded hands, compared to its average volume of 1,004,676. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. The firm has a fifty day moving average of $123.04 and a two-hundred day moving average of $117.00. The stock has a market capitalization of $20.33 billion, a price-to-earnings ratio of 109.61, a P/E/G ratio of 2.74 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The firm had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. During the same period in the previous year, the company earned $2.14 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s payout ratio is 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In related news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the transaction, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

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.