Monarch Partners Asset Management LLC decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 55.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,050 shares of the real estate investment trust’s stock after selling 61,380 shares during the period. Monarch Partners Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $6,030,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. bought a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $8,556,000. Exxonmobil Investment Management Inc. TX acquired a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $2,181,000. Gulf International Bank UK Ltd increased its stake in Alexandria Real Estate Equities by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 25,705 shares of the real estate investment trust’s stock worth $2,840,000 after buying an additional 385 shares during the last quarter. Atria Investments LLC increased its stake in Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Alexandria Real Estate Equities during the first quarter worth approximately $622,000.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 119.55 on Friday. 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 50 day moving average of $120.28 and a 200-day moving average of $116.18. The company has a market capitalization of $11.19 billion, a P/E ratio of 269.86 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) 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 the consensus estimate of $277.40 million. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue was up 20.8% compared to the same quarter last year. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.86 per share. The ex-dividend date was Wednesday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 dividend on an annualized basis and a yield of 2.88%. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

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A number of analysts recently commented on ARE shares. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Finally, Barclays PLC boosted their target price on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $122.57.

In related news, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 705,829 shares in the company, valued at approximately $85,560,591.38. The sale 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 stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total transaction of $904,200.00. Following the completion of the sale, the chief operating officer now owns 136,972 shares in the company, valued at $16,513,344.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,893 shares of company stock worth $4,891,974. Corporate insiders own 1.60% of the company’s stock.

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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