Garland Capital Management Inc. Invests $4.86 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Garland Capital Management Inc. bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,350 shares of the real estate investment trust’s stock, valued at approximately $4,860,000. Alexandria Real Estate Equities makes up 3.0% of Garland Capital Management Inc.’s holdings, making the stock its 11th largest position.

A number of other hedge funds also recently bought and sold shares of the company. Gateway Investment Advisers LLC raised its stake in Alexandria Real Estate Equities by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 23 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Alexandria Real Estate Equities by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock worth $2,068,000 after buying an additional 47 shares in the last quarter. 1st Global Advisors Inc. raised its stake in Alexandria Real Estate Equities by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 57 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in shares of Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 100 shares in the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded up 1.83% during trading on Monday, hitting $121.74. The company had a trading volume of 350,391 shares. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The firm’s 50 day moving average is $120.28 and its 200-day moving average is $116.18. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of 274.81 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm 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 company earned $1.36 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current year.

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

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Several brokerages have 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 objective for the company in a report on Wednesday, August 9th. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Barclays PLC increased their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $122.57.

In other news, Director James H. Richardson sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $117.89, for a total value of $471,560.00. Following the completion of the sale, the director now directly owns 61,000 shares of the company’s stock, valued at $7,191,290. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter M. Moglia sold 2,000 shares of the company’s 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 sale, 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. Over the last three months, insiders sold 40,893 shares of company stock valued at $4,891,974. 1.51% of the stock is owned by corporate insiders.

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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