Cibc World Markets Corp Raises Position in Alexandria Real Estate Equities, Inc. (ARE)

Cibc World Markets Corp increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 38.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,869 shares of the real estate investment trust’s stock after purchasing an additional 3,573 shares during the quarter. Cibc World Markets Corp’s holdings in Alexandria Real Estate Equities were worth $1,550,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of ARE. UBS Asset Management Americas Inc. increased its position in shares of Alexandria Real Estate Equities by 11.8% during the first quarter. UBS Asset Management Americas Inc. now owns 301,584 shares of the real estate investment trust’s stock worth $33,331,000 after purchasing an additional 31,780 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth approximately $1,889,000. Parametric Portfolio Associates LLC increased its position in shares of Alexandria Real Estate Equities by 8.7% during the first quarter. Parametric Portfolio Associates LLC now owns 94,264 shares of the real estate investment trust’s stock worth $10,418,000 after purchasing an additional 7,571 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Alexandria Real Estate Equities by 9.5% during the first quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 164 shares in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Alexandria Real Estate Equities by 2.8% during the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 100 shares in the last quarter.

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In other news, CEO Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the transaction, the chief executive officer now directly owns 689,436 shares of the company’s stock, valued at $83,532,065.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,893 shares of company stock valued at $8,645,989. Insiders own 1.60% of the company’s stock.

Several brokerages recently commented on ARE. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday, August 9th. BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC boosted their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $128.25.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 118.97 on Friday. The stock has a market capitalization of $11.14 billion, a PE ratio of 268.56 and a beta of 0.87. The firm has a 50-day moving average price of $120.48 and a 200 day moving average price of $117.23. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89.

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 the Zacks’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.86 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.89%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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.

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

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