Aviva PLC Has $50,497,000 Position in Alexandria Real Estate Equities, Inc. (ARE)

Aviva PLC continued to hold its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,101 shares of the real estate investment trust’s stock at the end of the second quarter. Aviva PLC owned 0.45% of Alexandria Real Estate Equities worth $50,497,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ARE. Vanguard Group Inc. boosted its position in Alexandria Real Estate Equities by 20.5% in 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 buying an additional 2,504,746 shares during the last quarter. BlackRock Inc. boosted 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. State Street Corp boosted its position in Alexandria Real Estate Equities by 31.4% in 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 buying an additional 1,186,353 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Alexandria Real Estate Equities by 60.6% in the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares during the last quarter. Finally, PGGM Investments boosted its position in Alexandria Real Estate Equities by 2.4% in the second quarter. PGGM Investments now owns 1,901,000 shares of the real estate investment trust’s stock worth $229,013,000 after buying an additional 45,000 shares during the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.07% on Wednesday, hitting $119.98. 53,743 shares of the company were exchanged. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 270.84 and a beta of 0.86. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The stock has a 50 day moving average price of $120.40 and a 200 day moving average price of $116.66.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. Alexandria Real Estate Equities’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current fiscal year.

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A number of equities analysts have issued reports on ARE shares. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Finally, Barclays PLC raised 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 note on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $124.50.

In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 2,000 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $119.00, for a total transaction of $238,000.00. Following the completion of the sale, the insider now owns 87,867 shares in the company, valued at approximately $10,456,173. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the sale, the chief executive officer now owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. Insiders sold a total of 48,893 shares of company stock valued at $5,888,629 in the last quarter. 1.51% of the stock is currently 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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