Bank of Montreal Can Buys 99,817 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Bank of Montreal Can boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 181.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 154,899 shares of the real estate investment trust’s stock after buying an additional 99,817 shares during the period. Bank of Montreal Can owned 0.17% of Alexandria Real Estate Equities worth $18,660,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Duff & Phelps Investment Management Co. bought a new stake in Alexandria Real Estate Equities during the first quarter valued at about $55,895,000. Gateway Investment Advisers LLC bought a new stake in Alexandria Real Estate Equities during the first quarter valued at about $622,000. Atria Investments LLC boosted its stake in Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 117 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Alexandria Real Estate Equities by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 25,705 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 385 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX bought a new stake in Alexandria Real Estate Equities during the first quarter valued at about $2,181,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 1.83% on Monday, hitting $121.74. 350,391 shares of the company were exchanged. The stock’s 50-day moving average price is $120.28 and its 200-day moving average price is $116.18. 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 market capitalization of $11.40 billion, a P/E ratio of 274.81 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. The business had revenue of $273.10 million during 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 company’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.83%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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Several research firms have recently issued reports on ARE. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC lifted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. BidaskClub cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus target price of $122.57.

In other news, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction 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 in the company, valued at approximately $85,560,591.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Stephen Richardson sold 7,500 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the transaction, the chief operating officer now owns 136,972 shares of the company’s stock, valued at $16,513,344.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,893 shares of company stock valued at $4,891,974. Company insiders own 1.51% 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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