Federated Investors Inc. PA Buys 6,952 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Federated Investors Inc. PA boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 438.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,539 shares of the real estate investment trust’s stock after acquiring an additional 6,952 shares during the period. Federated Investors Inc. PA’s holdings in Alexandria Real Estate Equities were worth $1,029,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Perigon Wealth Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 395.0% during the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 790 shares in the last quarter. Invictus RG bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $133,000. First Personal Financial Services boosted its holdings in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 81 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $179,000. Finally, Global X Management Co. LLC boosted its holdings in shares of Alexandria Real Estate Equities by 72.1% during the 1st quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 689 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 118.97 on Friday. 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 $120.48 and its 200 day moving average price is $117.23. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 268.56 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data 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. The firm had revenue of $273.10 million during 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 business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. Analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current 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 given 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 payout ratio is 860.02%.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, August 9th. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC upped their target price 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 issued a buy rating to the company’s stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and an average price target of $128.25.

In related news, CEO Joel S. Marcus sold 25,000 shares of the firm’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 owns 664,436 shares in the company, valued at approximately $79,061,239.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 15,500 shares of the firm’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 owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. Insiders sold a total of 71,893 shares of company stock valued at $8,645,989 in the last three months. Insiders own 1.60% of the company’s stock.

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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