Capital Analysts LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,038 shares of the real estate investment trust’s stock, valued at approximately $125,000.

Other hedge funds have also modified their holdings of the company. ING Groep NV purchased a new stake in Alexandria Real Estate Equities during the first quarter worth $500,000. Bank of Montreal Can raised its stake in Alexandria Real Estate Equities by 181.2% in the second quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock worth $18,660,000 after buying an additional 99,817 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter worth $454,000. Sei Investments Co. raised its stake in Alexandria Real Estate Equities by 1.4% in the second quarter. Sei Investments Co. now owns 169,774 shares of the real estate investment trust’s stock worth $20,453,000 after buying an additional 2,399 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in Alexandria Real Estate Equities by 147.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock worth $616,000 after buying an additional 3,205 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 119.40 on Thursday. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.89. The firm has a market capitalization of $11.18 billion, a P/E ratio of 269.53 and a beta of 0.86. The stock has a 50 day moving average price of $120.48 and a 200 day moving average price of $116.85.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the prior year, the firm posted $1.36 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% compared to the same quarter last year. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on ARE. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Barclays PLC increased their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $124.60.

In other news, insider Peter M. Moglia sold 4,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total value of $474,240.00. Following the completion of the transaction, the insider now directly owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stephen Richardson sold 7,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the transaction, the chief operating officer now directly owns 136,972 shares of the company’s stock, valued at $16,513,344.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,893 shares of company stock valued at $5,417,069. 1.60% of the stock is currently owned by insiders.

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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