Alexandria Real Estate Equities Inc (NYSE:ARE) Stock Position Boosted by Whittier Trust Co.

Whittier Trust Co. boosted its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 4.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,718 shares of the real estate investment trust’s stock after buying an additional 774 shares during the period. Whittier Trust Co.’s holdings in Alexandria Real Estate Equities were worth $2,359,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ARE. Principal Financial Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 7.5% during the 1st quarter. Principal Financial Group Inc. now owns 5,093,085 shares of the real estate investment trust’s stock valued at $726,070,000 after purchasing an additional 356,441 shares in the last quarter. Northern Trust Corp boosted its position in shares of Alexandria Real Estate Equities by 5.4% during the 1st quarter. Northern Trust Corp now owns 1,862,697 shares of the real estate investment trust’s stock valued at $265,546,000 after purchasing an additional 95,716 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock valued at $194,957,000 after purchasing an additional 168,461 shares in the last quarter. Resolution Capital Ltd boosted its position in shares of Alexandria Real Estate Equities by 9.8% during the 2nd quarter. Resolution Capital Ltd now owns 1,665,066 shares of the real estate investment trust’s stock valued at $234,924,000 after purchasing an additional 148,349 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Alexandria Real Estate Equities by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,610,388 shares of the real estate investment trust’s stock valued at $185,577,000 after purchasing an additional 48,268 shares in the last quarter. Hedge funds and other institutional investors own 98.19% of the company’s stock.

In other news, major shareholder Real Estate Equitie Alexandria acquired 975,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were purchased at an average price of $10.00 per share, for a total transaction of $9,750,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Hunter Klein sold 227 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $142.00, for a total value of $32,234.00. Following the completion of the transaction, the director now owns 10,390 shares in the company, valued at approximately $1,475,380. The disclosure for this sale can be found here. Insiders sold 11,177 shares of company stock valued at $1,570,708 over the last three months. 1.43% of the stock is owned by insiders.

Several equities analysts have recently weighed in on ARE shares. GMP Securities restated an “average” rating and set a $26.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday. ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $98.25.

ARE stock traded down $0.67 during mid-day trading on Friday, reaching $144.87. 500,124 shares of the stock traded hands, compared to its average volume of 692,274. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.28 and a current ratio of 0.21. Alexandria Real Estate Equities Inc has a 52-week low of $109.04 and a 52-week high of $153.51. The stock has a market capitalization of $16.51 billion, a P/E ratio of 21.95, a P/E/G ratio of 4.82 and a beta of 0.74. The stock has a fifty day moving average of $144.98.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). The company had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. Alexandria Real Estate Equities’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the company earned $1.64 earnings per share. Research analysts forecast that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. The ex-dividend date was Thursday, June 27th. Alexandria Real Estate Equities’s dividend payout ratio is 60.61%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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