New Mexico Educational Retirement Board raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,069 shares of the real estate investment trust’s stock after buying an additional 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Alexandria Real Estate Equities were worth $2,555,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ARE. Perigon Wealth Management LLC increased its stake in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 790 shares during the period. First Personal Financial Services increased its stake in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 229 shares during the period. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $133,000. Victory Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $179,000. Finally, Global X Management Co. LLC increased its stake in shares of Alexandria Real Estate Equities by 72.1% in the first quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 689 shares during the period.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 120.83 on Thursday. The stock has a 50 day moving average price of $120.29 and a 200 day moving average price of $116.11. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The stock has a market capitalization of $11.31 billion, a P/E ratio of 272.75 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.50. The business had revenue of $273.10 million during the quarter, compared to the consensus estimate 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 for the quarter was up 20.8% compared to the same quarter last year. During the same period last year, the firm earned $1.36 earnings per share. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.85%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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A number of brokerages have issued reports on ARE. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a report on Wednesday. BidaskClub downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday. Barclays PLC lifted their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $122.57.

In related news, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities 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 completion of the transaction, the chief executive officer now directly owns 705,829 shares in the company, valued at $85,560,591.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total value of $238,540.00. Following the completion of the transaction, the insider now owns 85,867 shares of the company’s stock, valued at $10,241,357.09. The disclosure for this sale can be found here. Insiders sold 33,393 shares of company stock valued at $3,987,774 over the last quarter. Insiders own 1.60% of the company’s stock.

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.

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

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