Strs Ohio boosted its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 12.6% in the 3rd quarter, Holdings Channel reports. The firm owned 469,664 shares of the real estate investment trust’s stock after buying an additional 52,627 shares during the period. Strs Ohio’s holdings in Alexandria Real Estate Equities were worth $59,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Oakbrook Investments LLC lifted its holdings in Alexandria Real Estate Equities by 46.9% during the 3rd quarter. Oakbrook Investments LLC now owns 5,641 shares of the real estate investment trust’s stock valued at $710,000 after purchasing an additional 1,800 shares during the last quarter. BB&T Corp lifted its holdings in Alexandria Real Estate Equities by 5.2% during the 3rd quarter. BB&T Corp now owns 13,072 shares of the real estate investment trust’s stock valued at $1,645,000 after purchasing an additional 642 shares during the last quarter. First Hawaiian Bank bought a new position in Alexandria Real Estate Equities during the 3rd quarter valued at about $552,000. PGGM Investments lifted its holdings in Alexandria Real Estate Equities by 10.4% during the 3rd quarter. PGGM Investments now owns 2,983,616 shares of the real estate investment trust’s stock valued at $375,309,000 after purchasing an additional 280,616 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in Alexandria Real Estate Equities by 11.6% during the 3rd quarter. Bank of Montreal Can now owns 402,083 shares of the real estate investment trust’s stock valued at $50,577,000 after purchasing an additional 41,685 shares during the last quarter.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 29,500 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $126.87, for a total value of $3,742,665.00. Following the completion of the transaction, the insider now directly owns 582,255 shares of the company’s stock, valued at $73,870,691.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $126.66, for a total transaction of $949,950.00. Following the completion of the transaction, the chief executive officer now directly owns 152,392 shares of the company’s stock, valued at $19,301,970.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 76,250 shares of company stock valued at $9,731,103. Insiders own 1.41% of the company’s stock.

Several equities analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Barclays lifted their price target on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, July 17th. Finally, Evercore ISI set a $148.00 price target on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $112.84.

Shares of NYSE ARE opened at $122.42 on Friday. Alexandria Real Estate Equities Inc has a 1-year low of $114.00 and a 1-year high of $134.37. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 3.01 and a beta of 0.70. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.81.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.64. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The company had revenue of $325.00 million during the quarter, compared to the consensus estimate of $331.27 million. During the same period in the previous year, the firm posted $1.50 earnings per share. The company’s revenue was up 19.0% on a year-over-year basis. On average, equities research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.61 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend was Thursday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 61.79%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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