Dupont Capital Management Corp Raises Position in Alexandria Real Estate Equities, Inc. (ARE)

Dupont Capital Management Corp raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 259.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,831 shares of the real estate investment trust’s stock after acquiring an additional 6,375 shares during the period. Dupont Capital Management Corp’s holdings in Alexandria Real Estate Equities were worth $1,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perigon Wealth Management LLC grew 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 worth $110,000 after acquiring an additional 790 shares during the last quarter. First Personal Financial Services grew 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 worth $114,000 after acquiring an additional 229 shares during the last quarter. Invictus RG purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $133,000. Victory Capital Management Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $179,000. Finally, Global X Management Co. LLC grew 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 worth $182,000 after acquiring an additional 689 shares during the last quarter.

In other news, insider Peter M. Moglia sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $119.00, for a total transaction of $238,000.00. Following the sale, the insider now owns 87,867 shares of the company’s stock, valued at approximately $10,456,173. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter M. Moglia sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the sale, the insider now directly owns 91,867 shares in the company, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. Insiders sold a total of 49,893 shares of company stock worth $6,019,969 in the last ninety days. 1.60% of the stock is owned by corporate insiders.

A number of equities research analysts have recently commented on the company. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Barclays PLC increased 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average target price of $124.60.

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Alexandria Real Estate Equities, Inc. (ARE) opened at 120.10 on Friday. The stock has a market capitalization of $11.24 billion, a PE ratio of 271.11 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89. The firm has a 50-day moving average price of $120.66 and a 200 day moving average price of $117.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 firm had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

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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