FCA Corp TX Maintains Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

FCA Corp TX continued to hold its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,850 shares of the real estate investment trust’s stock at the close of the second quarter. FCA Corp TX’s holdings in Alexandria Real Estate Equities were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ARE. BlackRock Inc. raised its holdings in shares of Alexandria Real Estate Equities by 3,165.7% during the 1st quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock valued at $922,867,000 after buying an additional 8,094,530 shares in the last quarter. Vanguard Group Inc. increased its stake in Alexandria Real Estate Equities by 20.5% in the 1st quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after purchasing an additional 2,504,746 shares during the period. State Street Corp increased its stake in Alexandria Real Estate Equities by 31.4% in the 1st quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock worth $549,191,000 after purchasing an additional 1,186,353 shares during the period. JPMorgan Chase & Co. increased its stake in Alexandria Real Estate Equities by 152.5% in the 1st quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock worth $192,555,000 after purchasing an additional 1,052,130 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Alexandria Real Estate Equities by 60.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after purchasing an additional 810,466 shares during the period.

A number of equities analysts have commented on ARE shares. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note 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 target on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC boosted their target price on 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $124.60.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total value of $1,684,109.46. Following the completion of the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Peter M. Moglia sold 2,000 shares of the stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $119.00, for a total transaction of $238,000.00. Following the completion of the transaction, the insider now directly owns 87,867 shares of the company’s stock, valued at $10,456,173. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,893 shares of company stock valued at $5,417,069. 1.51% of the stock is owned by insiders.

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Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 120.45 on Wednesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The company has a market capitalization of $11.28 billion, a price-to-earnings ratio of 271.90 and a beta of 0.87. The company’s 50 day moving average price is $120.72 and its 200 day moving average price is $117.12.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. The business had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.36 earnings per share. On average, analysts predict that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current year.

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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