State Street Corp Boosts Stake in Alexandria Real Estate Equities, Inc. (ARE)

State Street Corp lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,999,505 shares of the real estate investment trust’s stock after purchasing an additional 30,229 shares during the quarter. State Street Corp owned 5.34% of Alexandria Real Estate Equities worth $602,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC boosted its holdings in shares of Alexandria Real Estate Equities by 0.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock worth $680,000 after purchasing an additional 23 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 47 shares in the last quarter. First Personal Financial Services boosted its holdings in shares of Alexandria Real Estate Equities by 7.9% in the 2nd 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. Stifel Financial Corp boosted its holdings in shares of Alexandria Real Estate Equities by 2.8% in the 1st quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 100 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Alexandria Real Estate Equities by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the real estate investment trust’s stock worth $675,000 after purchasing an additional 100 shares in the last quarter.

ARE has been the subject of a number of research reports. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Tuesday, July 18th. Finally, Barclays PLC upped their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $128.25.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 122.01 on Wednesday. The company’s 50-day moving average price is $119.85 and its 200 day moving average price is $118.06. Alexandria Real Estate Equities, Inc. has a one year low of $101.73 and a one year high of $123.89. The stock has a market capitalization of $11.42 billion, a PE ratio of 275.42 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business posted $1.36 earnings per share. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current year.

The business also recently declared 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. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.82%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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In related news, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction dated 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 in the company, valued at $79,061,239.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated 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 of the company’s stock, valued at approximately $18,422,730. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,893 shares of company stock valued at $8,645,989. 1.51% of the stock is currently owned by company 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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