Stephens Inc. AR Has $8.43 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Stephens Inc. AR boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 47.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,976 shares of the real estate investment trust’s stock after purchasing an additional 22,655 shares during the quarter. Stephens Inc. AR owned about 0.07% of Alexandria Real Estate Equities worth $8,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Perigon Wealth Management LLC raised its stake in Alexandria Real Estate Equities by 395.0% during the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 790 shares during the period. Capital Analysts LLC purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at approximately $125,000. Invictus RG purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at approximately $133,000. First Personal Financial Services grew its holdings in Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 81 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at approximately $179,000.

In related news, EVP Thomas J. Andrews sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the executive vice president now directly owns 158,000 shares of the company’s stock, valued at approximately $19,051,640. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Insiders have sold a total of 46,893 shares of company stock valued at $5,671,239 over the last three months. Corporate insiders own 1.51% of the company’s stock.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 118.70 on Tuesday. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 267.95 and a beta of 0.87. The company’s 50 day moving average price is $120.48 and its 200-day moving average price is $117.23. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 company 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 company earned $1.36 EPS. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.91%. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

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ARE has been the subject of a number of recent research reports. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a report on Wednesday, August 9th. BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Barclays PLC lifted their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $128.25.

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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