Retirement Systems of Alabama increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% during the second quarter, Holdings Channel reports. The fund owned 88,042 shares of the real estate investment trust’s stock after buying an additional 1,196 shares during the period. Retirement Systems of Alabama’s holdings in Alexandria Real Estate Equities were worth $10,606,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ARE. Chevy Chase Trust Holdings Inc. bought a new stake in Alexandria Real Estate Equities during the first quarter worth $8,556,000. ING Groep NV bought a new stake in Alexandria Real Estate Equities during the first quarter worth $500,000. Capital Impact Advisors LLC bought a new stake in Alexandria Real Estate Equities during the first quarter worth $1,641,000. DekaBank Deutsche Girozentrale increased 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. Finally, JPMorgan Chase & Co. increased its stake in Alexandria Real Estate Equities by 152.5% in the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock worth $192,555,000 after buying an additional 1,052,130 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 119.89 on Friday. The firm’s 50-day moving average is $120.31 and its 200-day moving average is $116.14. The company has a market cap of $11.22 billion, a PE ratio of 270.63 and a beta of 0.86. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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ARE has been the subject of a number of recent research reports. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Tuesday, July 18th. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Finally, Barclays PLC increased their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $122.57.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $117.51, for a total value of $881,325.00. Following the transaction, the chief operating officer now owns 108,472 shares in the company, valued at $12,746,544.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares in the company, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,893 shares of company stock worth $4,891,974. 1.60% of the stock is owned by corporate 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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