Bank of New York Mellon Corp increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,361,532 shares of the real estate investment trust’s stock after purchasing an additional 214,164 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.47% of Alexandria Real Estate Equities worth $280,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ARE. Vanguard Group Inc. boosted its stake in Alexandria Real Estate Equities by 6.6% in the 2nd 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 last quarter. BlackRock Inc. boosted its stake in 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 worth $1,061,452,000 after buying an additional 460,698 shares during the last quarter. State Street Corp boosted its stake in Alexandria Real Estate Equities by 0.6% in the 2nd quarter. State Street Corp now owns 4,999,505 shares of the real estate investment trust’s stock worth $602,286,000 after buying an additional 30,229 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Alexandria Real Estate Equities by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock worth $413,502,000 after buying an additional 440,716 shares during the last quarter. Finally, Cbre Clarion Securities LLC boosted its stake in Alexandria Real Estate Equities by 67.5% in the 2nd 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 last quarter.

Alexandria Real Estate Equities, Inc. (ARE) traded up $0.02 during trading on Friday, reaching $126.21. The company had a trading volume of 1,302,735 shares, compared to its average volume of 730,070. The firm has a market cap of $12,080.00, a price-to-earnings ratio of 21.37, a PEG ratio of 3.48 and a beta of 0.85. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83. Alexandria Real Estate Equities, Inc. has a 12-month low of $105.74 and a 12-month high of $127.15.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.96). The company had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The business’s revenue was up 24.0% on a year-over-year basis. During the same period last year, the firm posted $1.39 earnings per share. sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

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In related news, CEO Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $125.26, for a total value of $626,300.00. Following the transaction, the executive vice president now directly owns 146,916 shares in the company, valued at $18,402,698.16. The disclosure for this sale can be found here. Insiders have sold a total of 40,000 shares of company stock worth $4,806,000 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

A number of analysts have issued reports on ARE shares. BidaskClub lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Mizuho reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $113.17.

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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