Global X Management Co. LLC Purchases 689 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Global X Management Co. LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 72.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,645 shares of the real estate investment trust’s stock after buying an additional 689 shares during the period. Global X Management Co. LLC’s holdings in Alexandria Real Estate Equities were worth $182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARE. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Alexandria Real Estate Equities during the first quarter worth $8,556,000. ING Groep NV purchased a new position in shares of Alexandria Real Estate Equities during the first quarter worth $500,000. Capital Impact Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the first quarter worth $1,641,000. DekaBank Deutsche Girozentrale increased its position in shares of Alexandria Real Estate Equities by 147.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock worth $616,000 after buying an additional 3,205 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Alexandria Real Estate Equities by 152.5% in the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock worth $192,555,000 after buying an additional 1,052,130 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.88% during mid-day trading on Friday, reaching $121.00. 742,168 shares of the company traded hands. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.18. The stock’s 50-day moving average is $119.56 and its 200-day moving average is $115.15. The company’s market capitalization is $11.02 billion.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $270.90 million during the quarter, compared to analysts’ expectations of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The firm’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 earnings per share. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.86 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.84%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s payout ratio is presently -205.99%.

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A number of analysts have recently commented on ARE shares. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC boosted their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average target price of $122.38.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 14,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $112.92, for a total transaction of $1,580,880.00. Following the completion of the transaction, the chief executive officer now owns 723,829 shares in the company, valued at $81,734,770.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total transaction of $238,540.00. Following the sale, the insider now owns 85,867 shares of the company’s stock, valued at $10,241,357.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,674 shares of company stock valued at $4,130,859. 1.60% of the stock is currently owned by company 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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