Tredje AP fonden Sells 8,707 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Tredje AP fonden lowered its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 62.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,220 shares of the real estate investment trust’s stock after selling 8,707 shares during the period. Tredje AP fonden’s holdings in Alexandria Real Estate Equities were worth $633,000 as of its most recent filing with the Securities & Exchange Commission.

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

In related news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the sale, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at $18,422,730. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the sale, the chief operating officer now directly owns 136,972 shares in the company, valued at $16,513,344.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,893 shares of company stock worth $5,671,239. 1.60% of the stock is owned by company insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 1.07% during trading on Friday, reaching $118.06. The company had a trading volume of 805,821 shares. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 266.50 and a beta of 0.87. The firm has a 50-day moving average of $120.48 and a 200 day moving average of $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 issued its quarterly earnings results 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 return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. During the same period last year, the business posted $1.36 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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Several brokerages have recently weighed in on ARE. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Barclays PLC upped their target price 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, Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price 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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