Daiwa Securities Group Inc. Sells 1,376,858 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Daiwa Securities Group Inc. lowered its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 55.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,113,695 shares of the real estate investment trust’s stock after selling 1,376,858 shares during the period. Daiwa Securities Group Inc. owned 1.22% of Alexandria Real Estate Equities worth $134,167,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Perigon Wealth Management LLC increased its stake in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares in the last quarter. First Personal Financial Services increased its stake in shares of Alexandria Real Estate Equities by 28.6% in 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 buying an additional 229 shares in the last quarter. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $133,000. Victory Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $179,000. Finally, Global X Management Co. LLC increased its stake in shares of Alexandria Real Estate Equities by 72.1% in the first quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 689 shares in the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.21% on Tuesday, reaching $121.48. The company had a trading volume of 394,504 shares. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The stock’s 50-day moving average price is $120.32 and its 200-day moving average price is $116.34. The stock has a market capitalization of $11.37 billion, a P/E ratio of 274.22 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. The business had revenue of $273.10 million for 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 firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

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

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A number of equities research analysts have recently weighed in on ARE shares. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Tuesday, July 18th. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Finally, Barclays PLC lifted their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $122.57.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total value of $881,325.00. Following the sale, the chief operating officer now owns 108,472 shares of the company’s stock, valued at approximately $12,746,544.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $119.00, for a total value of $238,000.00. Following the completion of the sale, the insider now directly owns 87,867 shares in the company, valued at approximately $10,456,173. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,893 shares of company stock worth $4,891,974. Insiders own 1.51% 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.

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

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