Global X Management Co. LLC increased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 72.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,830 shares of the real estate investment trust’s stock after buying an additional 1,185 shares during the period. Global X Management Co. LLC’s holdings in Alexandria Real Estate Equities were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Perigon Wealth Management LLC boosted its stake in 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 in the last quarter. First Personal Financial Services boosted its stake in 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 in the last quarter. Invictus RG bought a new stake in Alexandria Real Estate Equities during the first quarter valued at about $133,000. Victory Capital Management Inc. bought a new stake in Alexandria Real Estate Equities during the first quarter valued at about $179,000. Finally, Pacer Advisors Inc. boosted its stake in Alexandria Real Estate Equities by 9.5% in the first quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 164 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.01 on Friday. The firm has a market capitalization of $11.24 billion, a PE ratio of 270.90 and a beta of 0.86. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The firm’s 50 day moving average is $120.39 and its 200-day moving average is $116.47.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.50. The company had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the business earned $1.36 earnings per share. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

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Several research firms recently issued reports on ARE. BidaskClub raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Barclays PLC upped their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $124.50.

In other Alexandria Real Estate Equities news, 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 transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total value of $904,200.00. Following the transaction, the chief operating officer now directly owns 136,972 shares of the company’s stock, valued at $16,513,344.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,893 shares of company stock valued at $5,888,629. Company 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.

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

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