Oppenheimer & Co. Inc. Has $669,000 Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Oppenheimer & Co. Inc. held its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,550 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Oppenheimer & Co. Inc.’s holdings in Alexandria Real Estate Equities were worth $669,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC boosted its holdings in Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 790 shares in the last quarter. Capital Analysts LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth $125,000. Invictus RG bought a new stake in Alexandria Real Estate Equities in the first quarter worth $133,000. First Personal Financial Services boosted its holdings in 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 worth $134,000 after purchasing an additional 81 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Alexandria Real Estate Equities in the first quarter worth $179,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 120.00 on Wednesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The firm has a market cap of $11.24 billion, a price-to-earnings ratio of 270.88 and a beta of 0.87. The firm’s 50-day moving average is $120.56 and its 200-day moving average is $117.17.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. The business had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. Analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

ARE has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Barclays PLC upped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $128.25.

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In other news, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total value of $238,540.00. Following the completion of the transaction, the insider now owns 85,867 shares of the company’s stock, valued at approximately $10,241,357.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,893 shares of company stock valued at $5,545,729. 1.51% of the stock is owned by insiders.

Alexandria Real Estate Equities Profile

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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