Solaris Asset Management LLC continued to hold its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, Holdings Channel reports. The fund owned 1,260 shares of the real estate investment trust’s stock at the end of the second quarter. Solaris Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Perigon Wealth Management LLC raised its position 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 worth $110,000 after buying an additional 790 shares during the last quarter. First Personal Financial Services raised its position 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 worth $114,000 after buying an additional 229 shares during the last quarter. Invictus RG bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth $133,000. Victory Capital Management Inc. bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth $179,000. Finally, Global X Management Co. LLC raised its position 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 worth $182,000 after buying an additional 689 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.83 on Thursday. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 272.75 and a beta of 0.86. The firm’s 50-day moving average is $120.29 and its 200 day moving average is $116.11. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89.

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

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

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A number of research analysts have weighed in on ARE shares. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Barclays PLC lifted their price target 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. Finally, Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. 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. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus price target of $122.57.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was 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 in the company, valued at approximately $12,746,544.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total value of $1,684,109.46. Following the transaction, the chief executive officer now owns 705,829 shares in the company, valued at $85,560,591.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,393 shares of company stock worth $3,987,774. Company insiders own 1.60% of the company’s stock.

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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