Alexandria Real Estate Equities, Inc. (ARE) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors decreased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 55.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,635 shares of the real estate investment trust’s stock after selling 127,076 shares during the period. Nationwide Fund Advisors owned approximately 0.11% of Alexandria Real Estate Equities worth $12,364,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ARE. BlackRock Inc. grew its stake in shares of Alexandria Real Estate Equities by 3,165.7% in the first quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock worth $922,867,000 after acquiring an additional 8,094,530 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after acquiring an additional 2,504,746 shares during the last quarter. State Street Corp grew its stake in shares of Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock worth $549,191,000 after acquiring an additional 1,186,353 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Alexandria Real Estate Equities by 60.6% in the second 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 acquiring an additional 810,466 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Alexandria Real Estate Equities by 159.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,266,286 shares of the real estate investment trust’s stock worth $139,950,000 after acquiring an additional 777,356 shares during the last quarter.

In related news, CEO Joel S. Marcus sold 13,893 shares of the business’s stock in a transaction that occurred on 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 directly owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction that occurred on 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 $83,532,065.76. The disclosure for this sale can be found here. Insiders have sold a total of 46,893 shares of company stock worth $5,671,239 over the last three months. 1.60% of the stock is owned by insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 118.06 on Friday. The stock has a 50 day moving average of $120.48 and a 200 day moving average of $117.23. 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 $11.05 billion, a P/E ratio of 266.50 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 analysts’ consensus estimates of $1.50. The business 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 firm’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.36 EPS. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current 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 issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is presently 860.02%.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, Barclays PLC raised 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 research note on Tuesday, July 18th. Two 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 an average target price of $128.25.

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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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