Tyers Asset Management LLC increased its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 25.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,218 shares of the real estate investment trust’s stock after buying an additional 1,892 shares during the quarter. Tyers Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Flinton Capital Management LLC increased its position in Alexandria Real Estate Equities by 25.8% during the second quarter. Flinton Capital Management LLC now owns 11,732 shares of the real estate investment trust’s stock valued at $1,655,000 after acquiring an additional 2,408 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Alexandria Real Estate Equities by 4.4% in the 2nd quarter. Northern Trust Corp now owns 1,943,866 shares of the real estate investment trust’s stock worth $274,261,000 after acquiring an additional 81,169 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Alexandria Real Estate Equities by 25.8% during the 2nd quarter. Neuburgh Advisers LLC now owns 14,246 shares of the real estate investment trust’s stock worth $2,010,000 after purchasing an additional 2,924 shares during the period. Carlson Capital L P purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $11,126,000. Finally, Natixis Advisors L.P. boosted its stake in shares of Alexandria Real Estate Equities by 2.0% during the 2nd quarter. Natixis Advisors L.P. now owns 27,547 shares of the real estate investment trust’s stock worth $3,887,000 after purchasing an additional 543 shares during the period. Institutional investors own 98.65% of the company’s stock.

ARE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. GMP Securities restated an “average” rating and set a $26.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. ValuEngine cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Finally, DA Davidson raised their price target on Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $115.36.

In other news, EVP Marc E. Binda sold 3,775 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $146.70, for a total transaction of $553,792.50. Following the transaction, the executive vice president now directly owns 35,794 shares in the company, valued at $5,250,979.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Joel S. Marcus sold 9,750 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $152.75, for a total transaction of $1,489,312.50. Following the transaction, the chairman now directly owns 445,962 shares in the company, valued at $68,120,695.50. The disclosure for this sale can be found here. Insiders have sold a total of 85,250 shares of company stock worth $12,447,290 in the last three months. Insiders own 1.43% of the company’s stock.

NYSE ARE traded up $0.81 on Wednesday, reaching $152.42. 9,534 shares of the stock traded hands, compared to its average volume of 579,777. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21. The company has a fifty day moving average price of $147.08 and a 200-day moving average price of $144.17. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 4.58 and a beta of 0.74. Alexandria Real Estate Equities Inc has a 12 month low of $109.04 and a 12 month high of $153.72.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. Alexandria Real Estate Equities’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. As a group, research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current fiscal year.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $1.00 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 60.61%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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