Alexandria Real Estate Equities Inc. (NYSE:are) declared a quarterly dividend on Tuesday, September 6th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.80 per share by the real estate investment trust on Monday, October 17th. This represents a $3.20 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, September 28th.

Alexandria Real Estate Equities (NYSE:ARE) opened at 113.03 on Friday. The firm has a 50-day moving average price of $109.92 and a 200-day moving average price of $99.87. The stock’s market capitalization is $8.81 billion. Alexandria Real Estate Equities has a 52 week low of $70.69 and a 52 week high of $114.62.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $1.36 EPS for the quarter, hitting analysts’ consensus estimates of $1.36. The business earned $226.10 million during the quarter, compared to analysts’ expectations of $214.61 million. Alexandria Real Estate Equities had a negative return on equity of 0.71% and a negative net margin of 3.05%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share. Equities research analysts predict that Alexandria Real Estate Equities will post $5.52 EPS for the current fiscal year.

A number of brokerages have recently issued reports on ARE. TheStreet downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Monday, August 1st. Barclays PLC lifted their price target on Alexandria Real Estate Equities from $105.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday, July 19th. Mizuho reiterated a “buy” rating and set a $110.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 31st. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research report on Friday, August 19th. Finally, JPMorgan Chase & Co. lifted their price target on Alexandria Real Estate Equities from $104.00 to $111.00 and gave the company an “overweight” rating in a research report on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $117.00.

In other news, COO Stephen Richardson sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $111.79, for a total value of $1,117,900.00. Following the completion of the transaction, the chief operating officer now owns 114,207 shares of the company’s stock, valued at $12,767,200.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Ryan sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $110.31, for a total value of $772,170.00. Following the completion of the transaction, the executive vice president now directly owns 92,200 shares of the company’s stock, valued at approximately $10,170,582. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in ARE. Davis Selected Advisers raised its position in shares of Alexandria Real Estate Equities by 0.3% in the second quarter. Davis Selected Advisers now owns 95,203 shares of the real estate investment trust’s stock worth $9,855,000 after buying an additional 252 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Alexandria Real Estate Equities by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 11,681 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 569 shares during the last quarter. Comerica Bank raised its position in shares of Alexandria Real Estate Equities by 1.8% in the second quarter. Comerica Bank now owns 54,413 shares of the real estate investment trust’s stock worth $6,133,000 after buying an additional 978 shares during the last quarter. Keeley Asset Management Corp raised its position in shares of Alexandria Real Estate Equities by 11.6% in the second quarter. Keeley Asset Management Corp now owns 10,290 shares of the real estate investment trust’s stock worth $1,065,000 after buying an additional 1,070 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Alexandria Real Estate Equities by 0.8% in the second quarter. Hsbc Holdings PLC now owns 153,364 shares of the real estate investment trust’s stock worth $15,876,000 after buying an additional 1,184 shares during the last quarter. 98.49% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Company Profile

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.

5 Day Chart for NYSE:ARE

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