Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,609 shares of the real estate investment trust’s stock after buying an additional 12,393 shares during the quarter. TIAA CREF Investment Management LLC owned 0.22% of Alexandria Real Estate Equities worth $24,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Alexandria Real Estate Equities by 20.5% during the 1st quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after buying an additional 2,504,746 shares during the last quarter. BlackRock Inc. grew its stake in Alexandria Real Estate Equities by 3,165.7% during the 1st quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock worth $922,867,000 after buying an additional 8,094,530 shares during the last quarter. State Street Corp grew its stake in Alexandria Real Estate Equities by 31.4% during the 1st quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock worth $549,191,000 after buying an additional 1,186,353 shares during the last quarter. Principal Financial Group Inc. grew its stake in Alexandria Real Estate Equities by 19.5% during the 2nd quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock worth $365,624,000 after buying an additional 494,964 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Alexandria Real Estate Equities by 60.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 118.06 on Monday. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89. The firm’s 50-day moving average price is $120.48 and its 200-day moving average price is $117.23. The firm has a market cap of $11.05 billion, a PE ratio of 266.50 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. The company had revenue of $273.10 million for 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 business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.36 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is 860.02%.

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Several brokerages recently weighed in on ARE. BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Barclays PLC boosted their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $128.25.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was 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 owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the transaction, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,893 shares of company stock worth $5,671,239. Corporate insiders own 1.51% of the company’s stock.

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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