Highbridge Capital Management LLC Has $4.08 Million Stake in Alexandria Real Estate Equities, Inc. (ARE)

Highbridge Capital Management LLC raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 92.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,300 shares of the real estate investment trust’s stock after purchasing an additional 16,500 shares during the quarter. Highbridge Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $4,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 0.3% in the second quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 8 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Alexandria Real Estate Equities by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 25 shares in the last quarter. First Personal Financial Services grew its holdings in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 81 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Alexandria Real Estate Equities by 4.6% in the second quarter. D.A. Davidson & CO. now owns 3,861 shares of the real estate investment trust’s stock valued at $465,000 after acquiring an additional 169 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Alexandria Real Estate Equities by 2.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,766 shares of the real estate investment trust’s stock valued at $815,000 after acquiring an additional 173 shares in the last quarter.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joel S. Marcus sold 13,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $126.91, for a total value of $1,649,830.00. Following the transaction, the chief executive officer now directly owns 651,436 shares of the company’s stock, valued at $82,673,742.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,250 shares of company stock valued at $10,960,980. 1.51% of the stock is owned by corporate insiders.

Several research firms have recently issued reports on ARE. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday. Bank of America raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Finally, Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $99.91.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at $131.40 on Wednesday. Alexandria Real Estate Equities, Inc. has a twelve month low of $105.74 and a twelve month high of $131.72. The firm has a market capitalization of $12,461.50, a price-to-earnings ratio of 22.03 and a beta of 0.84. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $285.60 million for the quarter, compared to the consensus estimate of $286.11 million. During the same period last year, the company posted $1.39 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 24.0% on a year-over-year basis. equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.02 EPS for the current year.

The company also recently disclosed 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 represents a $3.60 annualized dividend and a yield of 2.74%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio is 390.91%.

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

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