BB&T Corp Has $1.62 Million Position in Alexandria Real Estate Equities, Inc. (ARE)

BB&T Corp boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,421 shares of the real estate investment trust’s stock after buying an additional 1,494 shares during the period. BB&T Corp’s holdings in Alexandria Real Estate Equities were worth $1,617,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 in the last quarter. BlackRock Inc. raised its stake 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 in the last quarter. State Street Corp raised its stake 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 in the last quarter. PGGM Investments raised its stake in Alexandria Real Estate Equities by 2.8% in the first quarter. PGGM Investments now owns 1,856,000 shares of the real estate investment trust’s stock worth $205,125,000 after buying an additional 50,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Alexandria Real Estate Equities by 152.5% in 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 buying an additional 1,052,130 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.82 on Thursday. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.18. The stock has a 50 day moving average of $119.72 and a 200-day moving average of $115.39. The company’s market capitalization is $11.00 billion.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.86 dividend. The ex-dividend date was Wednesday, June 28th. This is an increase 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 2.85%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -205.99%.

TRADEMARK VIOLATION WARNING: “BB&T Corp Has $1.62 Million Position in Alexandria Real Estate Equities, Inc. (ARE)” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://sportsperspectives.com/2017/07/27/bbt-corp-has-1-62-million-position-in-alexandria-real-estate-equities-inc-are.html.

ARE has been the subject of a number of analyst reports. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Finally, Barclays PLC raised 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 research note on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and a consensus price target of $122.38.

In other Alexandria Real Estate Equities news, Director Maria C. Freire sold 2,174 shares of the firm’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $113.30, for a total value of $246,314.20. Following the completion of the sale, the director now directly owns 5,464 shares of the company’s stock, valued at approximately $619,071.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total value of $881,325.00. Following the completion of the sale, the chief operating officer now directly owns 108,472 shares of the company’s stock, valued at $12,746,544.72. The disclosure for this sale can be found here. Insiders sold a total of 35,674 shares of company stock valued at $4,130,859 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

About Alexandria Real Estate Equities

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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE).

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

nineteen + 10 =