Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 59.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,551 shares of the real estate investment trust’s stock after acquiring an additional 3,176 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alexandria Real Estate Equities were worth $1,071,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Gateway Investment Advisers LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $622,000. Hartford Investment Management Co. bought a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $2,231,000. Mn Services Vermogensbeheer B.V. grew its holdings in Alexandria Real Estate Equities by 5.0% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares in the last quarter. Whittier Trust Co. grew its holdings in Alexandria Real Estate Equities by 4.9% in the 1st quarter. Whittier Trust Co. now owns 12,720 shares of the real estate investment trust’s stock worth $1,406,000 after buying an additional 593 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. bought a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $475,000.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.24% during trading on Thursday, hitting $120.10. 526,152 shares of the stock were exchanged. The stock has a 50 day moving average price of $120.66 and a 200-day moving average price of $117.16. 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 capitalization of $11.24 billion, a PE ratio of 271.11 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The firm 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 company’s revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.86 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.86%. Alexandria Real Estate Equities’s payout ratio is 860.02%.

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ARE has been the subject of a number of recent analyst reports. BidaskClub raised 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 target price for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC upped their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus target price of $124.60.

In related news, insider Peter M. Moglia sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $119.00, for a total transaction of $238,000.00. Following the completion of the transaction, the insider now owns 87,867 shares of the company’s stock, valued at $10,456,173. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the business’s stock in a transaction that occurred on 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 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. Insiders sold 49,893 shares of company stock valued at $6,019,969 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities Company 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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