Westfield Capital Management Co. LP acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 691,934 shares of the real estate investment trust’s stock, valued at approximately $83,357,000. Westfield Capital Management Co. LP owned 0.74% of Alexandria Real Estate Equities as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock valued at $1,630,446,000 after purchasing an additional 2,504,746 shares during the period. BlackRock Inc. lifted its position in Alexandria Real Estate Equities by 5.5% in the second quarter. BlackRock Inc. now owns 8,810,925 shares of the real estate investment trust’s stock valued at $1,061,452,000 after purchasing an additional 460,698 shares during the period. State Street Corp lifted its position in Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after purchasing an additional 1,186,353 shares during the period. Principal Financial Group Inc. lifted its position in Alexandria Real Estate Equities by 19.5% in the second quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock valued at $365,624,000 after purchasing an additional 494,964 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Alexandria Real Estate Equities by 60.6% in the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock valued at $258,693,000 after purchasing an additional 810,466 shares during the period.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.26% on Friday, reaching $120.52. 2,231,435 shares of the company’s stock were exchanged. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The stock’s 50-day moving average price is $120.52 and its 200-day moving average price is $117.21. The company has a market capitalization of $11.28 billion, a P/E ratio of 272.05 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 EPS. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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A number of brokerages recently commented on ARE. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC raised their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and a consensus target price of $128.25.

In other news, CEO Joel S. Marcus sold 13,893 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Joel S. Marcus sold 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the completion of the sale, the chief executive officer now directly owns 689,436 shares of the company’s stock, valued at $83,532,065.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,893 shares of company stock valued at $5,909,779. Company insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities 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.

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

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