State of Wisconsin Investment Board increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,845 shares of the real estate investment trust’s stock after buying an additional 16,753 shares during the quarter. State of Wisconsin Investment Board owned 0.14% of Alexandria Real Estate Equities worth $16,042,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Muzinich & Co. Inc. lifted its position in shares of Alexandria Real Estate Equities by 30.4% during the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 220 shares during the last quarter. Capital Analysts LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth $125,000. First Personal Financial Services lifted its position in shares of Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 81 shares during the last quarter. Spirit of America Management Corp NY bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $154,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $226,000.

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Alexandria Real Estate Equities, Inc. (ARE) opened at $126.61 on Tuesday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $103.32 and a fifty-two week high of $127.15. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $12,121.71, a PE ratio of 21.43, a price-to-earnings-growth ratio of 3.49 and a beta of 0.85.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.96). The company had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The company’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.86 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.72%. Alexandria Real Estate Equities’s payout ratio is 390.91%.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at $18,422,730. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the sale, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. In the last three months, insiders sold 40,000 shares of company stock valued at $4,806,000. Insiders own 1.51% of the company’s stock.

A number of equities analysts have issued reports on ARE shares. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC upped their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. National Bank Financial cut Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Finally, Bank of America Corporation upped their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $113.17.

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.

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

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