Piedmont Investment Advisors LLC Purchases 252 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Piedmont Investment Advisors LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,835 shares of the real estate investment trust’s stock after buying an additional 252 shares during the period. Piedmont Investment Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $313,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. purchased a new stake in Alexandria Real Estate Equities during the first quarter worth about $8,556,000. ING Groep NV acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $500,000. Capital Impact Advisors LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $1,641,000. DekaBank Deutsche Girozentrale increased its stake 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 valued at $616,000 after buying an additional 3,205 shares in the last quarter. Finally, JPMorgan Chase & Co. increased 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 valued at $192,555,000 after buying an additional 1,052,130 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.40% during mid-day trading on Monday, reaching $120.52. 788,835 shares of the company’s stock were exchanged. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.18. The stock’s market cap is $10.98 billion. The stock’s 50-day moving average is $119.56 and its 200-day moving average is $115.15.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The firm had revenue of $270.90 million during the quarter, compared to analysts’ expectations of $261.67 million. During the same period in the previous year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.62 EPS 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 given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date 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 payout ratio is presently -205.99%.

WARNING: This report was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2017/07/24/piedmont-investment-advisors-llc-acquires-252-shares-of-alexandria-real-estate-equities-inc-are-updated-updated.html.

Several analysts recently issued reports on ARE shares. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC upped their price objective 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. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus target price of $122.38.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total transaction of $881,325.00. Following the completion of the transaction, the chief operating officer now owns 108,472 shares of the company’s stock, valued at $12,746,544.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 14,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of $112.92, for a total value of $1,580,880.00. Following the transaction, the chief executive officer now directly owns 723,829 shares of the company’s stock, valued at approximately $81,734,770.68. The disclosure for this sale can be found here. Insiders have sold 35,674 shares of company stock valued at $4,130,859 in the last ninety days. 1.51% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Company Profile

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)

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eighteen + eight =