Franklin Resources Inc. trimmed its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,852 shares of the real estate investment trust’s stock after selling 3,967 shares during the period. Franklin Resources Inc. owned about 0.23% of Alexandria Real Estate Equities worth $25,522,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC lifted its stake in Alexandria Real Estate Equities by 395.0% in the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 790 shares in the last quarter. Capital Analysts LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $125,000. Invictus RG purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth about $133,000. First Personal Financial Services lifted its stake in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 81 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in Alexandria Real Estate Equities in the 1st quarter worth about $179,000.

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Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 120.00 on Wednesday. The stock has a market capitalization of $11.24 billion, a P/E ratio of 270.88 and a beta of 0.87. The company has a 50-day moving average price of $120.48 and a 200 day moving average price of $117.23. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the previous year, the firm earned $1.36 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. Analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.87%. Alexandria Real Estate Equities’s payout ratio is 860.02%.

Several brokerages recently issued reports on ARE. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Tuesday, July 18th. Finally, Barclays PLC increased their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Buy” and an average target price of $128.25.

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the transaction, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at $18,422,730. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were 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 of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 46,893 shares of company stock valued at $5,671,239. Insiders own 1.51% of the company’s stock.

Alexandria Real Estate Equities Company 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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