Public Employees Retirement Association of Colorado raised its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 17,163 shares of the real estate investment trust’s stock after buying an additional 47 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Alexandria Real Estate Equities were worth $2,068,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Perigon Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the period. First Personal Financial Services boosted its stake in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the period. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $133,000. Victory Capital Management Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $179,000. Finally, Global X Management Co. LLC boosted its stake in shares of Alexandria Real Estate Equities by 72.1% in the first quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 689 shares during the period.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 120.83 on Thursday. The company has a market capitalization of $11.31 billion, a PE ratio of 272.75 and a beta of 0.86. The stock has a 50 day moving average of $120.29 and a 200-day moving average of $116.11. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. During the same period last year, the firm earned $1.36 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current fiscal year.

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

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Several brokerages have commented on ARE. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Wednesday. BidaskClub cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays PLC boosted their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $122.57.

In related news, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the transaction, the chief executive officer now directly owns 705,829 shares in the company, valued at $85,560,591.38. The disclosure for this sale can be found here. Insiders have sold 33,393 shares of company stock worth $3,987,774 over the last three months. 1.60% of the stock is owned by insiders.

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 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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