Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 435,346 shares of the real estate investment trust’s stock after selling 10,244 shares during the quarter. Alliancebernstein L.P. owned approximately 0.46% of Alexandria Real Estate Equities worth $52,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC lifted its stake in shares of Alexandria Real Estate Equities by 395.0% during the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares in the last quarter. Capital Analysts LLC purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $125,000. Invictus RG purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at $133,000. First Personal Financial Services lifted its stake 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 buying an additional 81 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at $179,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 1.27% during trading on Friday, hitting $118.97. 771,578 shares of the company were exchanged. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89. The company has a market capitalization of $11.14 billion, a price-to-earnings ratio of 268.56 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 earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.50. The firm had revenue of $273.10 million during the quarter, compared to the consensus estimate 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 revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Equities research analysts anticipate 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 given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

A number of analysts have issued reports on ARE shares. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC lifted 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 report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average target price of $128.25.

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In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the sale, the chief executive officer now owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the 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 completion of the sale, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,893 shares of company stock valued at $8,645,989. Corporate insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities Company 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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