Ontario Teachers Pension Plan Board purchased a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,238 shares of the real estate investment trust’s stock, valued at approximately $1,233,000.

Other large investors have also recently modified their holdings of the company. UBS Asset Management Americas Inc. raised its position in Alexandria Real Estate Equities by 11.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 301,584 shares of the real estate investment trust’s stock worth $33,331,000 after purchasing an additional 31,780 shares during the period. Parametric Portfolio Associates LLC lifted its stake in Alexandria Real Estate Equities by 8.7% in the first quarter. Parametric Portfolio Associates LLC now owns 94,264 shares of the real estate investment trust’s stock worth $10,418,000 after purchasing an additional 7,571 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Alexandria Real Estate Equities by 9.5% in the first quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 164 shares during the last quarter. Stifel Financial Corp lifted its stake in Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 100 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Alexandria Real Estate Equities by 265.5% in the first quarter. SG Americas Securities LLC now owns 12,247 shares of the real estate investment trust’s stock worth $1,354,000 after purchasing an additional 8,896 shares during the last quarter.

ARE has been the subject of several recent analyst reports. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC increased 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, BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $128.25.

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Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 118.74 on Tuesday. The stock has a market cap of $11.12 billion, a P/E ratio of 268.04 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The company has a 50-day moving average of $120.00 and a 200 day moving average of $117.64.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting 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 company had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. During the same quarter in the previous year, the business earned $1.36 earnings per share. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. Analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

In related news, CEO Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the sale, the chief executive officer now directly owns 664,436 shares in the company, valued at approximately $79,061,239.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the completion of the sale, the chief executive officer now owns 689,436 shares in the company, valued at $83,532,065.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,893 shares of company stock valued at $8,645,989. Company 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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