Westfield Capital Management Co. LP Purchases Shares of 691,934 Alexandria Real Estate Equities, Inc. (ARE)

Westfield Capital Management Co. LP purchased a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 691,934 shares of the real estate investment trust’s stock, valued at approximately $83,357,000. Westfield Capital Management Co. LP owned 0.74% of Alexandria Real Estate Equities as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Alexandria Real Estate Equities by 20.5% during the 1st quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after purchasing an additional 2,504,746 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Alexandria Real Estate Equities by 5.5% in the 2nd quarter. BlackRock Inc. now owns 8,810,925 shares of the real estate investment trust’s stock valued at $1,061,452,000 after acquiring an additional 460,698 shares in the last quarter. State Street Corp raised its holdings in shares of Alexandria Real Estate Equities by 31.4% in the 1st quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after acquiring an additional 1,186,353 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Alexandria Real Estate Equities by 19.5% in the 2nd quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock valued at $365,624,000 after acquiring an additional 494,964 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Alexandria Real Estate Equities by 60.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock valued at $258,693,000 after acquiring an additional 810,466 shares in the last quarter.

COPYRIGHT VIOLATION NOTICE: This story was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.truebluetribune.com/2017/10/01/westfield-capital-management-co-lp-acquires-shares-of-691934-alexandria-real-estate-equities-inc-are.html.

In related news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, September 11th. The shares were sold at an average price of $120.41, for a total transaction of $602,050.00. Following the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the sale, the chief executive officer now directly owns 664,436 shares in the company, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. In the last three months, insiders sold 71,893 shares of company stock worth $8,645,989. Insiders own 1.60% of the company’s stock.

ARE has been the topic of a number of research reports. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $128.25.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 118.97 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The stock has a market cap of $11.14 billion, a PE ratio of 268.56 and a beta of 0.87. The stock has a 50 day moving average price of $120.48 and a 200 day moving average price of $117.23.

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 the Zacks’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. Alexandria Real Estate Equities’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.36 earnings per share. On average, analysts predict 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. Shareholders of record on Friday, September 29th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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)

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

eleven − 8 =