Russell Investments Group Ltd. increased its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 374,019 shares of the real estate investment trust’s stock after purchasing an additional 9,971 shares during the period. Russell Investments Group Ltd. owned approximately 0.35% of Alexandria Real Estate Equities worth $47,213,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Advisors Preferred LLC boosted its position in shares of Alexandria Real Estate Equities by 142.3% during the 2nd quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 505 shares during the period. Summit Trail Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 12,889.6% during the 1st quarter. Summit Trail Advisors LLC now owns 124,051 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 123,096 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its position in Alexandria Real Estate Equities by 54.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,198 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 421 shares during the period. Advisor Partners LLC purchased a new position in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $205,000. Finally, Fiduciary Trust Co. purchased a new position in Alexandria Real Estate Equities in the 1st quarter valued at approximately $227,000. 98.98% of the stock is owned by hedge funds and other institutional investors.

In other news, COO Lawrence J. Diamond sold 250 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $126.99, for a total value of $31,747.50. Following the sale, the chief operating officer now directly owns 60,217 shares in the company, valued at approximately $7,646,956.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joel S. Marcus sold 29,500 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $126.87, for a total transaction of $3,742,665.00. Following the completion of the sale, the insider now owns 582,255 shares in the company, valued at $73,870,691.85. The disclosure for this sale can be found here. Insiders sold a total of 42,167 shares of company stock worth $5,338,791 over the last 90 days. Company insiders own 1.41% of the company’s stock.

Several brokerages have commented on ARE. Barclays raised their price target on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Tuesday, July 17th. Citigroup raised their price target on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. raised their price target on shares of Alexandria Real Estate Equities from $130.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, May 22nd. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research report on Monday, April 30th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $108.93.

Shares of ARE stock opened at $129.76 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.39 and a quick ratio of 0.39. Alexandria Real Estate Equities Inc has a 52 week low of $114.00 and a 52 week high of $134.37. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.99 and a beta of 0.79.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.64. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The business had revenue of $325.00 million for the quarter, compared to analyst estimates of $331.27 million. During the same period last year, the business earned $1.50 EPS. The company’s revenue was up 19.0% on a year-over-year basis. equities analysts forecast that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current fiscal year.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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