Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Increased by PGGM Investments

PGGM Investments raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,901,000 shares of the real estate investment trust’s stock after buying an additional 45,000 shares during the period. Alexandria Real Estate Equities makes up approximately 1.2% of PGGM Investments’ holdings, making the stock its 16th largest position. PGGM Investments’ holdings in Alexandria Real Estate Equities were worth $229,013,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Duff & Phelps Investment Management Co. acquired a new position in shares of Alexandria Real Estate Equities during the first quarter worth approximately $55,895,000. Gateway Investment Advisers LLC purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $622,000. Atria Investments LLC increased its position in Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares during the period. Gulf International Bank UK Ltd increased its position in Alexandria Real Estate Equities by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 25,705 shares of the real estate investment trust’s stock worth $2,840,000 after buying an additional 385 shares during the period. Finally, Exxonmobil Investment Management Inc. TX purchased a new position in Alexandria Real Estate Equities during the first quarter worth about $2,181,000.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded up 0.42% during trading on Wednesday, hitting $120.64. The stock had a trading volume of 54,936 shares. The firm’s 50-day moving average is $119.66 and its 200 day moving average is $115.30. The firm’s market cap is $10.99 billion. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.18.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The business had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 EPS. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.86%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio is presently -205.99%.

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Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Tuesday, July 18th. Barclays PLC increased their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $122.38.

In related news, insider Peter M. Moglia sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the sale, the insider now owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Peter M. Moglia sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total value of $238,540.00. Following the completion of the sale, the insider now directly owns 85,867 shares in the company, valued at approximately $10,241,357.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,674 shares of company stock worth $4,130,859. 1.51% of the stock is 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.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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