Vanguard Group Inc. Has $1.89 Billion Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Vanguard Group Inc. raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,723,151 shares of the real estate investment trust’s stock after purchasing an additional 970,646 shares during the period. Vanguard Group Inc. owned about 16.79% of Alexandria Real Estate Equities worth $1,894,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. raised its position in Alexandria Real Estate Equities by 5.5% in the 2nd quarter. BlackRock Inc. now owns 8,810,925 shares of the real estate investment trust’s stock valued at $1,061,452,000 after purchasing an additional 460,698 shares in the last quarter. State Street Corp raised its position in Alexandria Real Estate Equities by 31.4% in the 1st quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after purchasing an additional 1,186,353 shares in the last quarter. Principal Financial Group Inc. raised its position in Alexandria Real Estate Equities by 19.5% in the 2nd quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock valued at $365,624,000 after purchasing an additional 494,964 shares in the last quarter. Bank of New York Mellon Corp raised its position in Alexandria Real Estate Equities by 60.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock valued at $258,693,000 after purchasing an additional 810,466 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Alexandria Real Estate Equities by 14.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock valued at $240,656,000 after purchasing an additional 255,378 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.08% during midday trading on Friday, hitting $119.25. The stock had a trading volume of 57,408 shares. The stock has a 50 day moving average of $120.48 and a 200-day moving average of $117.23. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The company has a market cap of $11.16 billion, a P/E ratio of 269.19 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 20.8% compared to the same quarter last year. Analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

A number of research firms have issued reports on ARE. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Barclays PLC raised their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $128.25.

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In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now owns 705,829 shares in the company, valued at $85,560,591.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas J. Andrews sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the sale, the executive vice president now owns 158,000 shares in the company, valued at approximately $19,051,640. The disclosure for this sale can be found here. Insiders have sold 46,893 shares of company stock worth $5,671,239 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Profile

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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