Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $113.28 and last traded at $111.52, with a volume of 299,009 shares traded. The stock had previously closed at $112.71.

ARE has been the topic of several analyst reports. TheStreet raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Monday, April 18th. Mizuho reaffirmed a “buy” rating and set a $110.00 price target (up from $98.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, May 4th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Tuesday, May 10th. Robert W. Baird reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 16th. Finally, Citigroup Inc. decreased their price objective on shares of Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.33.

The company’s 50-day moving average is $106.46 and its 200-day moving average is $93.11. The firm’s market cap is $8.77 billion.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $1.36 earnings per share for the quarter, meeting the consensus estimate of $1.36. The company had revenue of $226.10 million for the quarter, compared to the consensus estimate of $214.61 million. During the same quarter last year, the business posted $1.31 earnings per share. Alexandria Real Estate Equities’s revenue was up 10.7% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities Inc. will post $5.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend was Tuesday, June 28th.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $111.79, for a total transaction of $1,117,900.00. Following the transaction, the chief operating officer now directly owns 114,207 shares in the company, valued at approximately $12,767,200.53. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO Peter M. Moglia sold 4,000 shares of the firm’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $96.90, for a total value of $387,600.00. Following the transaction, the executive now owns 68,867 shares in the company, valued at $6,673,212.30. The disclosure for this sale can be found here.

A number of institutional investors recently modified their holdings of ARE. KBC Group NV boosted its position in shares of Alexandria Real Estate Equities by 0.7% in the fourth quarter. KBC Group NV now owns 17,835 shares of the real estate investment trust’s stock valued at $1,612,000 after buying an additional 130 shares during the period. State of Tennessee Treasury Department boosted its position in shares of Alexandria Real Estate Equities by 52.8% in the fourth quarter. State of Tennessee Treasury Department now owns 57,900 shares of the real estate investment trust’s stock valued at $5,232,000 after buying an additional 20,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Alexandria Real Estate Equities by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 911,653 shares of the real estate investment trust’s stock valued at $82,379,000 after buying an additional 11,268 shares during the period. Stephens Inc. AR boosted its position in shares of Alexandria Real Estate Equities by 13.4% in the fourth quarter. Stephens Inc. AR now owns 33,704 shares of the real estate investment trust’s stock valued at $3,045,000 after buying an additional 3,986 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Alexandria Real Estate Equities by 10.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 147,500 shares of the real estate investment trust’s stock valued at $13,328,000 after buying an additional 14,000 shares during the period.

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

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