Alyeska Investment Group L.P. Has $26.49 Million Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Alyeska Investment Group L.P. boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,684 shares of the real estate investment trust’s stock after acquiring an additional 35,689 shares during the period. Alyeska Investment Group L.P. owned about 0.23% of Alexandria Real Estate Equities worth $26,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Uniplan Investment Counsel Inc. grew its holdings in Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 725,584 shares of the real estate investment trust’s stock worth $86,322,000 after acquiring an additional 14,594 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Alexandria Real Estate Equities by 2.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 353,241 shares of the real estate investment trust’s stock worth $41,750,000 after acquiring an additional 9,885 shares in the last quarter. AMP Capital Investors Ltd grew its holdings in Alexandria Real Estate Equities by 91.1% during the 3rd quarter. AMP Capital Investors Ltd now owns 1,011,892 shares of the real estate investment trust’s stock worth $120,385,000 after acquiring an additional 482,400 shares in the last quarter. Adelante Capital Management LLC grew its holdings in Alexandria Real Estate Equities by 2.9% during the 3rd quarter. Adelante Capital Management LLC now owns 618,464 shares of the real estate investment trust’s stock worth $73,578,000 after acquiring an additional 17,355 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter worth approximately $248,000.

In other news, insider Peter M. Moglia sold 1,750 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $130.00, for a total transaction of $227,500.00. Following the completion of the sale, the insider now owns 115,117 shares in the company, valued at approximately $14,965,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The disclosure for this sale can be found here. Insiders have sold a total of 87,250 shares of company stock valued at $10,919,130 in the last 90 days. Insiders own 1.60% of the company’s stock.

Several research analysts have commented on the stock. Bank of America boosted their price target on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Mizuho reiterated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, National Bank Financial cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $113.17.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at $130.00 on Friday. The firm has a market cap of $12,443.34, a P/E ratio of 22.00, a PEG ratio of 3.70 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, Inc. has a 12-month low of $105.74 and a 12-month high of $130.46.

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 for the quarter, missing the consensus estimate of $1.51 by ($0.96). The company had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.39 EPS. research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s payout ratio is currently 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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