Calamos Advisors LLC Buys Shares of 36,526 Alexandria Real Estate Equities, Inc. (ARE)

Calamos Advisors LLC acquired a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 36,526 shares of the real estate investment trust’s stock, valued at approximately $4,400,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 395.0% during the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 790 shares during the last quarter. First Personal Financial Services boosted its position in Alexandria Real Estate Equities by 28.6% during the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 229 shares during the last quarter. Capital Analysts LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter valued at $125,000. Invictus RG acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at $133,000. Finally, Victory Capital Management Inc. acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at $179,000.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the transaction, the executive vice president now directly owns 158,000 shares in the company, valued at approximately $19,051,640. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joel S. Marcus sold 15,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 689,436 shares in the company, valued at $83,532,065.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,893 shares of company stock valued at $5,671,239. Company insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 119.34 on Friday. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 269.39 and a beta of 0.87. The firm’s 50-day moving average price is $120.48 and its 200 day moving average price is $117.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same period in the prior year, the business posted $1.36 EPS. The company’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.88%. Alexandria Real Estate Equities’s dividend payout ratio is 860.02%.

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ARE has been the subject of a number of research reports. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus target price of $128.25.

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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