Prudential Financial Inc. Has $45.55 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Prudential Financial Inc. cut its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 33.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 378,127 shares of the real estate investment trust’s stock after selling 190,649 shares during the quarter. Prudential Financial Inc. owned approximately 0.40% of Alexandria Real Estate Equities worth $45,553,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ARE. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Alexandria Real Estate Equities by 7.0% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,380 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 220 shares during the last quarter. American Century Companies Inc. boosted its position in Alexandria Real Estate Equities by 4.4% in the second quarter. American Century Companies Inc. now owns 556,123 shares of the real estate investment trust’s stock valued at $66,996,000 after buying an additional 23,213 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Alexandria Real Estate Equities by 3.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 304,132 shares of the real estate investment trust’s stock worth $36,639,000 after purchasing an additional 9,987 shares in the last quarter. GAM Holding AG boosted its position in Alexandria Real Estate Equities by 3.0% in the 2nd quarter. GAM Holding AG now owns 11,593 shares of the real estate investment trust’s stock worth $1,397,000 after purchasing an additional 335 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in Alexandria Real Estate Equities by 11.8% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 33,200 shares of the real estate investment trust’s stock worth $4,000,000 after purchasing an additional 3,500 shares in the last quarter.

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Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 119.44 on Thursday. The stock has a market capitalization of $11.18 billion, a PE ratio of 269.62 and a beta of 0.87. The firm has a 50-day moving average price of $120.55 and a 200 day moving average price of $117.17. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the previous year, the firm posted $1.36 earnings per share. Alexandria Real Estate Equities’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.88%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

Several brokerages have recently weighed in on ARE. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC increased their price objective 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $128.25.

In other news, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the transaction, the chief executive officer now directly owns 689,436 shares of the company’s stock, valued at $83,532,065.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the transaction, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at $18,422,730. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,893 shares of company stock valued at $6,147,779. Insiders own 1.51% of the company’s stock.

Alexandria Real Estate Equities 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)




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