Honeywell International Inc. Has $3.30 Million Position in Alexandria Real Estate Equities, Inc. (ARE)

Honeywell International Inc. increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 27.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,365 shares of the real estate investment trust’s stock after buying an additional 5,900 shares during the period. Honeywell International Inc.’s holdings in Alexandria Real Estate Equities were worth $3,297,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Chevy Chase Trust Holdings Inc. bought a new position in Alexandria Real Estate Equities during the first quarter worth $8,556,000. ING Groep NV bought a new position in Alexandria Real Estate Equities during the first quarter worth $500,000. Capital Impact Advisors LLC bought a new position in Alexandria Real Estate Equities during the first quarter worth $1,641,000. DekaBank Deutsche Girozentrale increased its position in 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 in 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 worth $192,555,000 after buying an additional 1,052,130 shares in the last quarter.

Alexandria Real Estate Equities, Inc. (ARE) opened at 120.58 on Tuesday. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The stock’s 50 day moving average price is $119.97 and its 200 day moving average price is $115.75. The company has a market capitalization of $11.29 billion, a P/E ratio of 272.19 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.50. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.36 earnings per share. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.54 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.86 dividend. The ex-dividend date was Wednesday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a dividend yield of 2.85%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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A number of research analysts have weighed in on ARE shares. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research note on Tuesday, July 18th. Barclays PLC raised their price target 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. Finally, TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $122.71.

In other news, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James H. Richardson sold 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 61,000 shares of the company’s stock, valued at $7,191,290. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,393 shares of company stock valued at $3,987,774. 1.51% of the stock is currently 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.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)




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