Parkwood LLC cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 25.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,708 shares of the real estate investment trust’s stock after selling 571 shares during the period. Parkwood LLC’s holdings in Alexandria Real Estate Equities were worth $206,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its position in Alexandria Real Estate Equities by 20.5% in the fourth quarter. UBS Asset Management Americas Inc. now owns 269,804 shares of the real estate investment trust’s stock worth $29,984,000 after buying an additional 45,855 shares in the last quarter. Teachers Advisors LLC raised its position in Alexandria Real Estate Equities by 7.4% in the fourth quarter. Teachers Advisors LLC now owns 261,372 shares of the real estate investment trust’s stock worth $29,046,000 after buying an additional 18,020 shares in the last quarter. Chevy Chase Trust Holdings Inc. acquired a new position in Alexandria Real Estate Equities during the first quarter worth $8,556,000. Manning & Napier Advisors LLC raised its position in Alexandria Real Estate Equities by 13.5% in the first quarter. Manning & Napier Advisors LLC now owns 94,960 shares of the real estate investment trust’s stock worth $10,494,000 after buying an additional 11,280 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX acquired a new position in Alexandria Real Estate Equities during the first quarter worth $2,181,000.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.14% on Friday, reaching $120.61. 353,774 shares of the company traded hands. The firm has a market capitalization of $11.29 billion, a P/E ratio of 272.26 and a beta of 0.86. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The stock has a 50-day moving average price of $119.97 and a 200 day moving average price of $115.75.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $1.36 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.85%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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A number of research analysts recently weighed in on ARE shares. Barclays PLC lifted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus target price of $122.71.

In related news, insider Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total transaction of $238,540.00. Following the completion of the transaction, the insider now directly owns 85,867 shares of the company’s stock, valued at $10,241,357.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $117.51, for a total transaction of $881,325.00. Following the transaction, the chief operating officer now directly owns 108,472 shares of the company’s stock, valued at $12,746,544.72. The disclosure for this sale can be found here. Insiders have sold 19,500 shares of company stock valued at $2,303,665 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

About Alexandria Real Estate Equities

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

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

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