Gotham Asset Management LLC Buys Shares of 4,112 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Gotham Asset Management LLC purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,112 shares of the real estate investment trust’s stock, valued at approximately $454,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock valued at $1,630,446,000 after buying an additional 2,504,746 shares during the last quarter. BlackRock Inc. increased its position in Alexandria Real Estate Equities by 3,165.7% in the first 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 during the last quarter. State Street Corp increased its position in Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after buying an additional 1,186,353 shares during the last quarter. PGGM Investments increased its position in Alexandria Real Estate Equities by 2.8% in the first quarter. PGGM Investments now owns 1,856,000 shares of the real estate investment trust’s stock valued at $205,125,000 after buying an additional 50,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 valued at $192,555,000 after buying an additional 1,052,130 shares during the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.14% during trading on Friday, hitting $120.61. The company’s stock had a trading volume of 353,774 shares. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The firm has a market cap of $11.29 billion, a PE ratio of 272.26 and a beta of 0.86. The company has a 50-day moving average of $119.97 and a 200 day moving average of $115.75.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.50. The firm 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 firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.54 earnings per share for the current year.

The company also recently disclosed 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 of this dividend was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.85%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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Several research analysts have commented on ARE shares. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report 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 target price on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC increased their target price 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and an average price target of $122.71.

In related news, insider Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $119.00, for a total value of $238,000.00. Following the completion of the sale, the insider now owns 87,867 shares in the company, valued at $10,456,173. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter M. Moglia sold 4,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the completion of the transaction, the insider now directly owns 91,867 shares of the company’s stock, valued at $10,891,751.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,500 shares of company stock valued at $2,303,665. 1.60% of the stock is owned by 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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