Parkwood LLC Cuts Stake in Alexandria Real Estate Equities, Inc. (ARE)

Parkwood LLC decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 25.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,708 shares of the real estate investment trust’s stock after selling 571 shares during the period. Parkwood LLC’s holdings in Alexandria Real Estate Equities were worth $206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $8,556,000. ING Groep NV bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $500,000. Bank of Montreal Can boosted its position in shares of Alexandria Real Estate Equities by 181.2% in the second quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock worth $18,660,000 after buying an additional 99,817 shares during the period. Capital Impact Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $1,641,000. Finally, DekaBank Deutsche Girozentrale boosted 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.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.30% during trading on Tuesday, hitting $121.38. 167,077 shares of the stock traded hands. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89. The firm has a market cap of $11.36 billion, a PE ratio of 274.00 and a beta of 0.86. The firm has a 50-day moving average price of $120.31 and a 200 day moving average price of $116.28.

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, hitting the consensus estimate 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 quarter in the prior year, the company earned $1.36 EPS. The company’s 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 EPS for the current fiscal year.

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

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A number of research analysts have recently issued reports on ARE shares. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Finally, Barclays PLC increased their target price on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $122.57.

In related news, insider Peter M. Moglia sold 2,000 shares of the stock in a transaction that occurred on 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 owns 87,867 shares of the company’s stock, valued at $10,456,173. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James H. Richardson sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $117.89, for a total transaction of $471,560.00. Following the sale, the director now directly owns 61,000 shares of the company’s stock, valued at approximately $7,191,290. The disclosure for this sale can be found here. Insiders sold a total of 40,893 shares of company stock valued at $4,891,974 in the last ninety days. Corporate insiders own 1.51% of the company’s stock.

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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