Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Swiss National Bank

Swiss National Bank boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 323,800 shares of the real estate investment trust’s stock after acquiring an additional 42,300 shares during the period. Swiss National Bank owned 0.35% of Alexandria Real Estate Equities worth $39,008,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in ARE. Perigon Wealth Management LLC raised its position 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 acquiring an additional 790 shares during the period. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 229 shares during the period. Capital Analysts LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $125,000. Invictus RG bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $133,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $179,000.

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $120.41, for a total transaction of $602,050.00. Following the sale, the executive vice president now owns 153,000 shares in the company, valued at approximately $18,422,730. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the firm’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 sale, the chief executive officer now owns 705,829 shares in the company, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,893 shares of company stock worth $5,671,239. 1.60% of the stock is owned by company insiders.

Several research firms have recently issued reports on ARE. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC boosted their price target on shares of 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 issued a buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $128.25.

Alexandria Real Estate Equities, Inc. (ARE) opened at 119.34 on Friday. The company’s 50-day moving average is $120.48 and its 200 day moving average is $117.23. The stock has a market cap of $11.17 billion, a PE ratio of 269.39 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter last year, the business earned $1.36 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

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

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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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