Quantitative Investment Management LLC bought a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 45,300 shares of the real estate investment trust’s stock, valued at approximately $5,457,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ARE. UBS Asset Management Americas Inc. grew its position in Alexandria Real Estate Equities by 11.8% during the first quarter. UBS Asset Management Americas Inc. now owns 301,584 shares of the real estate investment trust’s stock worth $33,331,000 after buying an additional 31,780 shares during the period. Karp Capital Management Corp acquired a new position in Alexandria Real Estate Equities during the first quarter worth about $1,889,000. TD Asset Management Inc. grew its position in Alexandria Real Estate Equities by 584.5% during the first quarter. TD Asset Management Inc. now owns 31,385 shares of the real estate investment trust’s stock worth $3,469,000 after buying an additional 26,800 shares during the period. Parametric Portfolio Associates LLC grew its position in Alexandria Real Estate Equities by 8.7% during the first quarter. Parametric Portfolio Associates LLC now owns 94,264 shares of the real estate investment trust’s stock worth $10,418,000 after buying an additional 7,571 shares during the period. Finally, Pacer Advisors Inc. grew its position in Alexandria Real Estate Equities by 9.5% during the first quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 164 shares during the period.

In related news, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the sale, the executive vice president now directly owns 158,000 shares in the company, valued at approximately $19,051,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the business’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 owns 689,436 shares in the company, valued at $83,532,065.76. The disclosure for this sale can be found here. Insiders have sold a total of 46,893 shares of company stock worth $5,671,239 over the last 90 days. 1.51% of the stock is owned by insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 118.06 on Monday. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The stock has a 50 day moving average of $120.48 and a 200 day moving average of $117.23. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 266.50 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting 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 previous year, the firm earned $1.36 EPS. Alexandria Real Estate Equities’s revenue was up 20.8% on a year-over-year basis. On average, analysts predict 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. Shareholders of record on Friday, September 29th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.91%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

Several brokerages have weighed in on ARE. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC upped 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 research report on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus target price of $128.25.

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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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