Alexandria Real Estate Equities, Inc. (ARE) Position Boosted by BB&T Corp

BB&T Corp increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,421 shares of the real estate investment trust’s stock after buying an additional 1,494 shares during the period. BB&T Corp’s holdings in Alexandria Real Estate Equities were worth $1,617,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ARE. Perigon Wealth Management LLC increased its stake in shares of 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 valued at $110,000 after buying an additional 790 shares during the period. First Personal Financial Services increased its stake in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 41 shares during the period. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $133,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $179,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 1.90% during trading on Monday, hitting $121.82. 132,067 shares of the stock were exchanged. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The firm has a market cap of $11.41 billion, a PE ratio of 274.99 and a beta of 0.86. The stock’s 50-day moving average price is $120.28 and its 200-day moving average price is $116.18.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.45 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.86 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

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ARE has been the topic of several recent research reports. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Barclays PLC boosted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. Finally, Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average price target of $122.57.

In related news, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $117.51, for a total transaction of $881,325.00. Following the transaction, the chief operating officer now owns 108,472 shares of the company’s stock, valued at $12,746,544.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James H. Richardson sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $117.89, for a total transaction of $471,560.00. Following the transaction, the director now directly owns 61,000 shares in the company, valued at approximately $7,191,290. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,893 shares of company stock valued at $4,891,974. 1.51% of the stock is currently owned by corporate insiders.

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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