AMP Capital Investors Ltd Acquires 482,400 Shares of Alexandria Real Estate Equities, Inc. (ARE)

AMP Capital Investors Ltd increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 91.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,011,892 shares of the real estate investment trust’s stock after acquiring an additional 482,400 shares during the quarter. Alexandria Real Estate Equities comprises about 0.7% of AMP Capital Investors Ltd’s investment portfolio, making the stock its 26th largest holding. AMP Capital Investors Ltd owned approximately 1.06% of Alexandria Real Estate Equities worth $120,385,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Alexandria Real Estate Equities by 6.6% during the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after buying an additional 970,646 shares in the last quarter. Cbre Clarion Securities LLC grew its stake in Alexandria Real Estate Equities by 67.5% during the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after buying an additional 904,575 shares in the last quarter. Janus Henderson Group PLC grew its stake in Alexandria Real Estate Equities by 724.8% during the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after buying an additional 838,568 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Alexandria Real Estate Equities by 60.6% during the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $83,357,000.

ARE has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Wednesday, August 9th. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Monday. Royal Bank Of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $113.17.

Alexandria Real Estate Equities, Inc. (ARE) opened at $126.02 on Wednesday. The stock has a market cap of $12,060.00, a P/E ratio of 21.83, a P/E/G ratio of 3.68 and a beta of 0.84. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $105.74 and a fifty-two week high of $130.46. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The business had revenue of $285.60 million during the quarter, compared to the consensus estimate of $286.11 million. During the same quarter last year, the business earned $1.39 EPS. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. equities analysts expect that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.90 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.60 annualized dividend and a yield of 2.86%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 390.91%.

In other news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, September 11th. The shares were sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the sale, the executive vice president now owns 153,000 shares in the company, valued at approximately $18,422,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joel S. Marcus sold 13,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the completion of the sale, the chief executive officer now owns 651,436 shares of the company’s stock, valued at approximately $82,673,742.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,000 shares of company stock valued at $7,127,630. Company insiders own 1.51% of the company’s stock.

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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.

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

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