Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by BB&T Securities LLC

BB&T Securities LLC increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 49.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,320 shares of the real estate investment trust’s stock after buying an additional 4,057 shares during the quarter. BB&T Securities LLC’s holdings in Alexandria Real Estate Equities were worth $1,484,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. First Personal Financial Services boosted its holdings in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 81 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Alexandria Real Estate Equities by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 431,766 shares of the real estate investment trust’s stock valued at $52,012,000 after acquiring an additional 31,871 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of 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 valued at $258,693,000 after acquiring an additional 810,466 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Alexandria Real Estate Equities by 142.3% during the 2nd quarter. SG Americas Securities LLC now owns 29,672 shares of the real estate investment trust’s stock valued at $3,575,000 after acquiring an additional 17,425 shares in the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in shares of Alexandria Real Estate Equities by 45.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 118,092 shares of the real estate investment trust’s stock valued at $14,227,000 after acquiring an additional 37,160 shares in the last quarter.

In other news, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction on Friday, June 16th. The shares were sold at an average price of $119.00, for a total value of $238,000.00. Following the transaction, the insider now directly owns 87,867 shares of the company’s stock, valued at approximately $10,456,173. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the completion of 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. In the last three months, insiders have sold 49,893 shares of company stock worth $6,019,969. 1.60% of the stock is owned by corporate insiders.

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Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 119.36 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The firm’s 50-day moving average is $120.58 and its 200-day moving average is $117.18. The company has a market cap of $11.18 billion, a PE ratio of 269.44 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same quarter last year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.88%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, August 9th. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC boosted their target price 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $128.25.

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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