Alexandria Real Estate Equities Inc (ARE) Position Increased by Perpetual Ltd

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Perpetual Ltd increased its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,869 shares of the real estate investment trust’s stock after acquiring an additional 4,700 shares during the quarter. Perpetual Ltd’s holdings in Alexandria Real Estate Equities were worth $4,770,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ARE. Advisors Preferred LLC raised its stake in shares of Alexandria Real Estate Equities by 142.3% in the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 505 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $164,000. NumerixS Investment Technologies Inc bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $177,000. Advisor Partners LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $205,000. Finally, Private Advisor Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $206,000.

In other news, Director Maria C. Freire sold 3,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $128.67, for a total value of $386,010.00. Following the completion of the transaction, the director now directly owns 3,344 shares in the company, valued at $430,272.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Lawrence J. Diamond sold 250 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $126.99, for a total value of $31,747.50. Following the completion of the transaction, the chief operating officer now owns 60,217 shares of the company’s stock, valued at $7,646,956.83. The disclosure for this sale can be found here. Over the last quarter, insiders sold 76,250 shares of company stock valued at $9,731,103. 1.41% of the stock is owned by company insiders.

Shares of NYSE ARE opened at $123.95 on Wednesday. The firm has a market capitalization of $12.81 billion, a PE ratio of 20.59, a P/E/G ratio of 3.04 and a beta of 0.70. Alexandria Real Estate Equities Inc has a fifty-two week low of $114.00 and a fifty-two week high of $134.37. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.39 and a quick ratio of 0.39.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $1.50. The company had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a return on equity of 6.66% and a net margin of 34.48%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.51 earnings per share. As a group, equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.61 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Thursday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 61.79%.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Monday. Barclays boosted their target price on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Evercore ISI set a $148.00 target price on Alexandria Real Estate Equities and gave the company a “buy” rating in a research note on Monday, October 15th. Finally, Citigroup boosted their target price on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.26.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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