1st Global Advisors Inc. lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,344 shares of the real estate investment trust’s stock after selling 24 shares during the period. 1st Global Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $644,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ARE. Vanguard Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 6.6% in the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after buying an additional 970,646 shares during the period. Cbre Clarion Securities LLC boosted its position in shares of Alexandria Real Estate Equities by 67.5% in the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after buying an additional 904,575 shares during the period. Janus Henderson Group PLC boosted its position in shares of Alexandria Real Estate Equities by 724.8% in the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after buying an additional 838,568 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Alexandria Real Estate Equities by 60.6% in the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter worth $83,357,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 0.24% during mid-day trading on Monday, reaching $123.96. The company had a trading volume of 83,710 shares. The stock has a market cap of $11.61 billion, a PE ratio of 279.82 and a beta of 0.87. The firm’s 50-day moving average price is $120.05 and its 200-day moving average price is $118.34. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.73 and a 12 month high of $124.49.

Alexandria Real Estate Equities (NYSE:ARE) last released 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 during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.36 EPS. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

Several analysts have recently commented on the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Wednesday, August 9th. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $128.25.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 664,436 shares in the company, valued at approximately $79,061,239.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $121.22, for a total value of $1,684,109.46. Following the transaction, the chief executive officer now owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,893 shares of company stock valued at $8,645,989. Corporate insiders own 1.51% of the company’s stock.

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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.

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

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