Ameriprise Financial Inc. Has $106.71 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Ameriprise Financial Inc. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 885,616 shares of the real estate investment trust’s stock after purchasing an additional 12,310 shares during the period. Ameriprise Financial Inc. owned 0.95% of Alexandria Real Estate Equities worth $106,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ARE. JPMorgan Chase & Co. raised its stake in Alexandria Real Estate Equities by 14.7% in the second quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock worth $240,656,000 after buying an additional 255,378 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Alexandria Real Estate Equities by 13.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,766 shares of the real estate investment trust’s stock valued at $21,656,000 after acquiring an additional 21,974 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Alexandria Real Estate Equities by 181.2% during the 2nd quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock worth $18,660,000 after acquiring an additional 99,817 shares during the period. Sei Investments Co. grew its holdings in shares of Alexandria Real Estate Equities by 1.4% during the 2nd quarter. Sei Investments Co. now owns 169,774 shares of the real estate investment trust’s stock worth $20,453,000 after acquiring an additional 2,399 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Alexandria Real Estate Equities by 6.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,846 shares of the real estate investment trust’s stock worth $5,282,000 after acquiring an additional 2,554 shares in the last quarter.

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ARE has been the topic of several recent research reports. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Barclays PLC boosted their target price 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, Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $128.25.

Alexandria Real Estate Equities, Inc. (ARE) opened at 118.97 on Monday. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 268.56 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. The stock has a 50 day moving average price of $120.48 and a 200 day moving average price of $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 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.50. The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations 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 was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The firm 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 2.89%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

In related news, CEO Joel S. Marcus sold 13,893 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $121.22, for a total value of $1,684,109.46. Following the transaction, the chief executive officer now owns 705,829 shares in the company, valued at approximately $85,560,591.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the company’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 value of $602,900.00. Following the sale, the executive vice president now directly owns 158,000 shares of the company’s stock, valued at $19,051,640. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,893 shares of company stock valued at $8,645,989. 1.60% of the stock is owned by company insiders.

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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