American Assets Capital Advisers increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 69.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,253 shares of the real estate investment trust’s stock after buying an additional 40,003 shares during the period. Alexandria Real Estate Equities comprises about 4.8% of American Assets Capital Advisers’ holdings, making the stock its 6th largest position. American Assets Capital Advisers owned approximately 0.11% of Alexandria Real Estate Equities worth $11,575,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its position in Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the last quarter. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares in the last quarter. Invictus RG acquired a new position in shares of Alexandria Real Estate Equities during the first quarter valued at about $133,000. Victory Capital Management Inc. acquired a new position in shares of Alexandria Real Estate Equities during the first quarter valued at about $179,000. Finally, Global X Management Co. LLC increased its position in Alexandria Real Estate Equities by 72.1% in the first quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 689 shares during the period.
Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.19% during mid-day trading on Thursday, hitting $121.67. The stock had a trading volume of 335,290 shares. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The stock has a market capitalization of $11.39 billion, a P/E ratio of 274.65 and a beta of 0.86. The company’s 50 day moving average is $120.32 and its 200-day moving average is $116.38.
Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business’s revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current fiscal year.
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A number of equities analysts have weighed in on ARE shares. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Finally, Barclays PLC increased their price target on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $124.50.
In related news, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the transaction, the chief operating officer now owns 136,972 shares in the company, valued at $16,513,344.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James H. Richardson sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $117.89, for a total value of $471,560.00. Following the transaction, the director now owns 61,000 shares of the company’s stock, valued at approximately $7,191,290. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,393 shares of company stock valued at $4,010,649. 1.60% of the stock is currently owned by company 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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