State Treasurer State of Michigan reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,400 shares of the real estate investment trust’s stock after selling 1,500 shares during the quarter. State Treasurer State of Michigan’s holdings in Alexandria Real Estate Equities were worth $3,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ARE. Muzinich & Co. Inc. grew its position in shares of Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 220 shares during the last quarter. Capital Analysts LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $125,000. First Personal Financial Services grew its position in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $154,000. Finally, IFP Advisors Inc grew its position in shares of Alexandria Real Estate Equities by 510.9% in the second quarter. IFP Advisors Inc now owns 1,906 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 1,594 shares during the last quarter.

Alexandria Real Estate Equities, Inc. (ARE) opened at 121.72 on Tuesday. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.73 and a 1-year high of $124.49. The stock has a market cap of $11.40 billion, a P/E ratio of 274.76 and a beta of 0.87. The firm’s 50-day moving average is $120.82 and its 200-day moving average is $119.19.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.51. The company had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the business posted $1.39 EPS. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.83%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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In related news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the transaction, the executive vice president now owns 153,000 shares in the company, valued at approximately $18,422,730. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the transaction, the chief executive officer now owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. Insiders sold a total of 71,893 shares of company stock valued at $8,645,989 in the last 90 days. 1.51% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on ARE shares. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Royal Bank Of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC upped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $106.20.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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

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