Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Federated Investors Inc. PA

Federated Investors Inc. PA increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 438.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,539 shares of the real estate investment trust’s stock after buying an additional 6,952 shares during the period. Federated Investors Inc. PA’s holdings in Alexandria Real Estate Equities were worth $1,029,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ARE. Perigon Wealth Management LLC grew its holdings in Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 790 shares during the period. Invictus RG purchased a new stake in Alexandria Real Estate Equities in the first quarter worth about $133,000. First Personal Financial Services grew its holdings in Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 81 shares during the period. Victory Capital Management Inc. purchased a new stake in Alexandria Real Estate Equities in the first quarter worth about $179,000. Finally, Global X Management Co. LLC grew its holdings in Alexandria Real Estate Equities by 72.1% in the first quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock worth $182,000 after purchasing an additional 689 shares during the period.

In related news, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the transaction, the executive vice president now owns 158,000 shares in the company, valued at approximately $19,051,640. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 approximately $85,560,591.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,893 shares of company stock valued at $5,671,239. 1.60% of the stock is currently owned by company insiders.

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

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting the consensus estimate of $1.50. The business had revenue of $273.10 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current year.

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

ARE has been the topic of a number of recent research reports. 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 report on Wednesday, August 9th. BidaskClub cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Barclays PLC upped 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 report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price 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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