Alexandria Real Estate Equities Inc (ARE) Shares Bought by State Treasurer State of Michigan

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State Treasurer State of Michigan grew its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,500 shares of the real estate investment trust’s stock after buying an additional 1,000 shares during the quarter. State Treasurer State of Michigan’s holdings in Alexandria Real Estate Equities were worth $3,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Preferred LLC lifted its holdings in shares of Alexandria Real Estate Equities by 142.3% during the 2nd 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 position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $164,000. NumerixS Investment Technologies Inc bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $177,000. Advisor Partners LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $205,000. Finally, Private Advisor Group LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $206,000.

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

In related news, insider Joel S. Marcus sold 29,500 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $126.87, for a total value of $3,742,665.00. Following the completion of the transaction, the insider now owns 582,255 shares in the company, valued at $73,870,691.85. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $126.66, for a total value of $949,950.00. Following the completion of the transaction, the chief executive officer now owns 152,392 shares of the company’s stock, valued at approximately $19,301,970.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,250 shares of company stock valued at $9,731,103. Company insiders own 1.41% of the company’s stock.

Shares of Alexandria Real Estate Equities stock opened at $123.95 on Wednesday. The stock has a market cap of $12.81 billion, a PE ratio of 20.59, a PEG ratio of 3.04 and a beta of 0.70. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.81. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $1.50. The firm had revenue of $341.80 million during the quarter, compared to analyst estimates of $343.42 million. Alexandria Real Estate Equities had a return on equity of 6.66% and a net margin of 34.48%. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. Analysts anticipate that Alexandria Real Estate Equities Inc will post 6.61 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.93 per share. The ex-dividend date was Thursday, September 27th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.00%. Alexandria Real Estate Equities’s payout ratio is 61.79%.

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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