Alexandria Real Estate Equities, Inc. (ARE) Holdings Raised by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 565,778 shares of the real estate investment trust’s stock after purchasing an additional 9,655 shares during the quarter. American Century Companies Inc. owned about 0.60% of Alexandria Real Estate Equities worth $67,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ARE. Muzinich & Co. Inc. lifted its position in Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 220 shares during the period. Capital Analysts LLC bought a new position in Alexandria Real Estate Equities in the second quarter worth $125,000. First Personal Financial Services lifted its position in 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 worth $134,000 after purchasing an additional 81 shares during the period. Spirit of America Management Corp NY acquired a new position in Alexandria Real Estate Equities during the third quarter worth $154,000. Finally, Fox Run Management L.L.C. acquired a new position in Alexandria Real Estate Equities during the third quarter worth $226,000.

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A number of brokerages have recently weighed in on ARE. Mizuho restated a “buy” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. BidaskClub lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Bank of America Corporation raised their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Monday, October 23rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $113.17.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at $126.64 on Friday. 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, Inc. has a 1-year low of $103.32 and a 1-year high of $126.88. The stock has a market capitalization of $12,121.73, a PE ratio of 21.43, a price-to-earnings-growth ratio of 3.49 and a beta of 0.85.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend was Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 390.91%.

In related news, CEO Joel S. Marcus sold 15,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the sale, the chief executive officer now owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities 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 completion of the sale, the executive vice president now directly 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 a total of 55,500 shares of company stock worth $6,683,980 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities Company 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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