Duff & Phelps Investment Management Co. increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 16.5% during the second quarter, Holdings Channel reports. The firm owned 589,350 shares of the real estate investment trust’s stock after buying an additional 83,600 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Alexandria Real Estate Equities were worth $70,999,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in ARE. Whittier Trust Co. increased its position in Alexandria Real Estate Equities by 4.9% in the first quarter. Whittier Trust Co. now owns 12,720 shares of the real estate investment trust’s stock valued at $1,406,000 after buying an additional 593 shares during the period. PGGM Investments increased its position in Alexandria Real Estate Equities by 2.8% in the first quarter. PGGM Investments now owns 1,856,000 shares of the real estate investment trust’s stock valued at $205,125,000 after buying an additional 50,000 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors increased its position in Alexandria Real Estate Equities by 65.3% in the first quarter. Nationwide Fund Advisors now owns 229,711 shares of the real estate investment trust’s stock valued at $25,388,000 after buying an additional 90,781 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Alexandria Real Estate Equities by 54.1% in the first quarter. State of Alaska Department of Revenue now owns 45,579 shares of the real estate investment trust’s stock valued at $5,036,000 after buying an additional 16,009 shares during the period.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 119.89 on Friday. The company has a 50-day moving average of $120.31 and a 200 day moving average of $116.14. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89. The company has a market cap of $11.22 billion, a PE ratio of 270.63 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data 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. The company had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.86 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.87%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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Several equities analysts have recently commented on the stock. Barclays PLC boosted their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Tuesday, July 18th. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus target price of $122.57.

In other news, insider Peter M. Moglia sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total transaction of $474,240.00. Following the transaction, the insider now owns 91,867 shares in the company, valued at approximately $10,891,751.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction on Friday, August 4th. The stock was 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 approximately $85,560,591.38. The disclosure for this sale can be found here. Insiders sold a total of 40,893 shares of company stock worth $4,891,974 in the last 90 days. 1.60% of the stock is currently 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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