Teachers Advisors LLC Has $38.82 Million Stake in Alexandria Real Estate Equities, Inc. (ARE)

Teachers Advisors LLC raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 34.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 351,270 shares of the real estate investment trust’s stock after buying an additional 89,898 shares during the period. Teachers Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $38,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. acquired a new position in Alexandria Real Estate Equities during the first quarter valued at about $8,556,000. ING Groep NV acquired a new position in Alexandria Real Estate Equities during the first quarter valued at about $500,000. Capital Impact Advisors LLC acquired a new position in Alexandria Real Estate Equities during the first quarter valued at about $1,641,000. DekaBank Deutsche Girozentrale boosted its position 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 during the last quarter. Finally, JPMorgan Chase & Co. boosted its position 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 during the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 121.00 on Monday. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.18. The company’s 50-day moving average price is $119.56 and its 200 day moving average price is $115.15. The company’s market cap is $11.02 billion.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The company had revenue of $270.90 million during the quarter, compared to the consensus estimate of $261.67 million. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The firm’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.86 per share. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.84%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s payout ratio is presently -205.99%.

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Several research analysts have recently issued reports on ARE shares. Zacks Investment Research cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC increased their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Finally, TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average target price of $122.38.

In other news, insider Peter M. Moglia sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total transaction of $238,540.00. Following the completion of the sale, the insider now owns 85,867 shares in the company, valued at $10,241,357.09. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joel S. Marcus sold 14,000 shares of Alexandria Real Estate Equities stock in a transaction on 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 sale, the chief executive officer now directly owns 723,829 shares of the company’s stock, valued at $81,734,770.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,674 shares of company stock valued at $4,130,859. 1.60% of the stock is currently owned by corporate 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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