Schwab Charles Investment Management Inc. raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 13.8% during the second quarter, Holdings Channel reports. The institutional investor owned 914,702 shares of the real estate investment trust’s stock after buying an additional 111,222 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Alexandria Real Estate Equities were worth $110,195,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ARE. New Mexico Educational Retirement Board boosted its stake in shares of Alexandria Real Estate Equities by 2.4% in the second quarter. New Mexico Educational Retirement Board now owns 21,069 shares of the real estate investment trust’s stock worth $2,555,000 after buying an additional 500 shares in the last quarter. Global X Management Co. LLC boosted its stake in shares of Alexandria Real Estate Equities by 72.0% in the second quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 1,185 shares in the last quarter. American Assets Capital Advisers boosted its stake in shares of Alexandria Real Estate Equities by 69.9% in the second quarter. American Assets Capital Advisers now owns 97,253 shares of the real estate investment trust’s stock worth $11,575,000 after buying an additional 40,003 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Alexandria Real Estate Equities by 3.6% in the second quarter. Pictet Asset Management Ltd. now owns 48,400 shares of the real estate investment trust’s stock worth $5,647,000 after buying an additional 1,700 shares in the last quarter. Finally, Honeywell International Inc. boosted its stake in shares of Alexandria Real Estate Equities by 27.5% in the second quarter. Honeywell International Inc. now owns 27,365 shares of the real estate investment trust’s stock worth $3,297,000 after buying an additional 5,900 shares in the last quarter.

Alexandria Real Estate Equities, Inc. (ARE) opened at 121.48 on Wednesday. The firm’s 50-day moving average is $120.32 and its 200-day moving average is $116.34. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 274.22 and a beta of 0.86.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date was Wednesday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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A number of brokerages recently issued reports on ARE. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Barclays PLC upped their price objective on shares of 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, TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $122.57.

In other news, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities 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 owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total transaction 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 approximately $16,513,344.32. The disclosure for this sale can be found here. In the last three months, insiders sold 33,393 shares of company stock valued at $4,010,649. Insiders own 1.51% of the company’s stock.

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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