Sei Investments Co. Increases Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Sei Investments Co. boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 169,774 shares of the real estate investment trust’s stock after buying an additional 2,399 shares during the period. Sei Investments Co. owned 0.19% of Alexandria Real Estate Equities worth $20,453,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ARE. State of New Jersey Common Pension Fund D boosted its stake in Alexandria Real Estate Equities by 2.7% in the second quarter. State of New Jersey Common Pension Fund D now owns 191,750 shares of the real estate investment trust’s stock valued at $23,101,000 after buying an additional 5,000 shares during the period. Garland Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $4,860,000. Resolution Capital Ltd boosted its stake in shares of Alexandria Real Estate Equities by 27.7% in the second quarter. Resolution Capital Ltd now owns 1,095,287 shares of the real estate investment trust’s stock valued at $131,949,000 after buying an additional 237,288 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $2,568,000. Finally, NGAM Advisors L.P. boosted its stake in shares of Alexandria Real Estate Equities by 4.1% in the second quarter. NGAM Advisors L.P. now owns 13,213 shares of the real estate investment trust’s stock valued at $1,592,000 after buying an additional 524 shares during the period.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.21% during midday trading on Tuesday, hitting $121.48. 394,504 shares of the company traded hands. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The company has a market cap of $11.37 billion, a PE ratio of 274.22 and a beta of 0.86. The stock 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 earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.36 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post $1.45 EPS for the current year.

The firm also recently disclosed 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%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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ARE has been the subject of several recent analyst reports. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note 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. Barclays PLC raised their target price on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and a consensus price target of $122.57.

In related news, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Peter M. Moglia sold 2,000 shares of the stock in a transaction on Friday, June 16th. The stock was sold at an average price of $119.00, for a total value of $238,000.00. Following the transaction, the insider now owns 87,867 shares of the company’s stock, valued at $10,456,173. The disclosure for this sale can be found here. Insiders sold 40,893 shares of company stock valued at $4,891,974 over the last three months. 1.51% of the stock is owned by company 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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