Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Raised by Schroder Investment Management Group

Schroder Investment Management Group grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 15.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 565,667 shares of the real estate investment trust’s stock after purchasing an additional 76,409 shares during the quarter. Schroder Investment Management Group owned approximately 0.60% of Alexandria Real Estate Equities worth $67,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ARE. Chicago Equity Partners LLC bought a new position in Alexandria Real Estate Equities during the 1st quarter worth approximately $265,000. State Board of Administration of Florida Retirement System boosted its stake in Alexandria Real Estate Equities by 2.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 128,162 shares of the real estate investment trust’s stock worth $14,164,000 after acquiring an additional 3,390 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Alexandria Real Estate Equities by 1.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 17,116 shares of the real estate investment trust’s stock worth $1,892,000 after acquiring an additional 311 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Alexandria Real Estate Equities by 156.0% during the 1st quarter. Advisors Asset Management Inc. now owns 10,051 shares of the real estate investment trust’s stock worth $1,111,000 after acquiring an additional 6,125 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in Alexandria Real Estate Equities by 147.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock worth $616,000 after buying an additional 3,205 shares during the period.

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ARE has been the topic of several research analyst reports. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Tuesday, July 18th. Finally, Barclays PLC lifted their price objective 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $128.25.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 118.06 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The company has a market capitalization of $11.05 billion, a PE ratio of 266.50 and a beta of 0.87. The firm’s 50-day moving average is $120.48 and its 200-day moving average is $117.23.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same period in the prior year, the company earned $1.36 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 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 dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is presently 860.02%.

In related news, CEO Joel S. Marcus sold 13,893 shares of the 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 completion of the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Joel S. Marcus sold 15,500 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total value of $1,877,980.00. Following the transaction, the chief executive officer now directly owns 689,436 shares of the company’s stock, valued at $83,532,065.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,893 shares of company stock valued at $5,671,239. 1.60% of the stock is owned by corporate insiders.

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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