Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stake Reduced by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.8% during the second quarter, Holdings Channel reports. The firm owned 92,265 shares of the real estate investment trust’s stock after selling 2,695 shares during the period. Manning & Napier Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $11,114,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $1,265,000. UBS Asset Management Americas Inc. raised its position in shares of Alexandria Real Estate Equities by 20.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 269,804 shares of the real estate investment trust’s stock worth $29,984,000 after buying an additional 45,855 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $403,000. Finally, Teachers Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 261,372 shares of the real estate investment trust’s stock worth $29,046,000 after buying an additional 18,020 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.88% during mid-day trading on Friday, hitting $121.00. The company had a trading volume of 742,168 shares. The company’s market capitalization is $11.02 billion. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.18. The firm’s 50-day moving average price is $119.56 and its 200 day moving average price is $115.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. The business had revenue of $270.90 million for the quarter, compared to analysts’ expectations of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. Analysts predict that Alexandria Real Estate Equities, Inc. will post $1.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.86 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, June 28th. Alexandria Real Estate Equities’s payout ratio is currently -205.99%.

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A number of equities analysts have issued reports on the company. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday. Barclays PLC increased their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $122.38.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 14,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $112.92, for a total transaction of $1,580,880.00. Following the sale, the chief executive officer now directly owns 723,829 shares of the company’s stock, valued at approximately $81,734,770.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James H. Richardson sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $117.89, for a total transaction of $471,560.00. Following the sale, the director now directly owns 61,000 shares in the company, valued at $7,191,290. The disclosure for this sale can be found here. Insiders have sold a total of 35,674 shares of company stock worth $4,130,859 over the last three months. Insiders own 1.60% 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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