American International Group Inc. lifted its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 9.2% in the third quarter, HoldingsChannel.com reports. The fund owned 37,436 shares of the real estate investment trust’s stock after acquiring an additional 3,140 shares during the period. American International Group Inc.’s holdings in Alexandria Real Estate Equities were worth $4,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Advisors Preferred LLC grew its stake in shares of Alexandria Real Estate Equities by 142.3% during the 2nd quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 505 shares during the period. Private Advisor Group LLC grew its stake in shares of Alexandria Real Estate Equities by 34.3% during the 3rd quarter. Private Advisor Group LLC now owns 2,204 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 563 shares during the period. US Bancorp DE grew its stake in shares of Alexandria Real Estate Equities by 4.3% during the 3rd quarter. US Bancorp DE now owns 14,286 shares of the real estate investment trust’s stock valued at $1,797,000 after acquiring an additional 588 shares during the period. BB&T Corp grew its stake in shares of 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 acquiring an additional 642 shares during the period. Finally, DNB Asset Management AS grew its stake in shares of Alexandria Real Estate Equities by 4.6% during the 3rd quarter. DNB Asset Management AS now owns 14,563 shares of the real estate investment trust’s stock valued at $1,832,000 after acquiring an additional 647 shares during the period.

In related news, insider Daniel J. Ryan sold 7,000 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $127.66, for a total transaction of $893,620.00. Following the sale, the insider now owns 132,781 shares in the company, valued at approximately $16,950,822.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James P. Cain sold 450 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $122.23, for a total value of $55,003.50. Following the sale, the director now owns 3,040 shares in the company, valued at approximately $371,579.20. The disclosure for this sale can be found here. Insiders have sold a total of 39,950 shares of company stock worth $4,977,349 over the last ninety days. Insiders own 1.41% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Barclays lowered their price target on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating on the stock in a report on Monday, December 3rd. ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $133.00 to $144.00 in a report on Monday, December 3rd. Finally, Evercore ISI set a $148.00 price objective on Alexandria Real Estate Equities and gave the stock a “buy” rating in a report on Monday, October 15th. Eight equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $120.34.

Shares of ARE opened at $126.17 on Friday. The company has a market cap of $13.28 billion, a PE ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.72. Alexandria Real Estate Equities Inc has a 1 year low of $114.00 and a 1 year high of $134.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.27 and a current ratio of 0.27.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $1.50. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 EPS. As a group, equities analysts forecast that Alexandria Real Estate Equities Inc will post 6.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 3.08%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend is Friday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio is 61.79%.

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Alexandria Real Estate Equities Profile

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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Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

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