Ameriprise Financial Inc. Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ameriprise Financial Inc. increased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 885,616 shares of the real estate investment trust’s stock after acquiring an additional 12,310 shares during the quarter. Ameriprise Financial Inc. owned about 0.95% of Alexandria Real Estate Equities worth $106,708,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. lifted its position in Alexandria Real Estate Equities by 3,165.7% in the first quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock worth $922,867,000 after buying an additional 8,094,530 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 20.5% during the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after purchasing an additional 2,504,746 shares during the last quarter. State Street Corp lifted its position in shares of Alexandria Real Estate Equities by 31.4% during the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock worth $549,191,000 after purchasing an additional 1,186,353 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alexandria Real Estate Equities by 152.5% during the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock worth $192,555,000 after purchasing an additional 1,052,130 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Alexandria Real Estate Equities by 60.6% during the second 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 buying an additional 810,466 shares during the period.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the sale, the executive vice president now owns 153,000 shares in the company, valued at $18,422,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total transaction of $904,200.00. Following the completion of the transaction, the chief operating officer now directly owns 136,972 shares in the company, valued at $16,513,344.32. The disclosure for this sale can be found here. Insiders sold 46,893 shares of company stock valued at $5,671,239 over the last 90 days. 1.60% of the stock is currently owned by insiders.

ARE has been the topic of several analyst reports. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC boosted their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $128.25.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 118.06 on Friday. The firm has a 50-day moving average price of $120.48 and a 200-day moving average price of $117.23. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The firm has a market capitalization of $11.05 billion, a P/E ratio of 266.50 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 return on equity of 3.11% and a net margin of 9.45%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.36 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current 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 given a $0.86 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.91%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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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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