Copeland Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,671 shares of the real estate investment trust’s stock after buying an additional 1,465 shares during the quarter. Copeland Capital Management LLC owned about 0.06% of Alexandria Real Estate Equities worth $10,424,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC purchased a new position in Alexandria Real Estate Equities during the 2nd quarter valued at about $30,000. CSat Investment Advisory L.P. grew its holdings in shares of Alexandria Real Estate Equities by 65.9% during the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 89 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 883.3% during the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 265 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Alexandria Real Estate Equities by 19.2% during the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 87 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $95,000. 98.68% of the stock is owned by institutional investors and hedge funds.

Shares of ARE opened at $155.13 on Tuesday. The firm has a market cap of $17.46 billion, a P/E ratio of 22.40, a P/E/G ratio of 4.30 and a beta of 0.71. The stock has a 50 day simple moving average of $155.23 and a two-hundred day simple moving average of $148.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.37 and a quick ratio of 0.37. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $160.25.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($2.19). The firm had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $389.99 million. Alexandria Real Estate Equities had a return on equity of 1.63% and a net margin of 9.29%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. On average, equities analysts anticipate that Alexandria Real Estate Equities Inc will post 6.97 earnings per share for the current year.

The company also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.00 dividend. This represents a yield of 2.6%. The ex-dividend date was Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 60.61%.

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 9,750 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $152.75, for a total value of $1,489,312.50. Following the completion of the sale, the chairman now owns 445,962 shares of the company’s stock, valued at $68,120,695.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Vincent Ciruzzi sold 5,933 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $151.20, for a total value of $897,069.60. Following the completion of the sale, the insider now directly owns 39,499 shares of the company’s stock, valued at approximately $5,972,248.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,183 shares of company stock valued at $3,545,057. 1.43% of the stock is owned by insiders.

Several research analysts have recently commented on ARE shares. DA Davidson boosted their price objective on Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Barclays set a $153.00 price objective on Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Friday, October 11th. GMP Securities reissued an “average” rating and set a $26.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. ValuEngine lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, TD Securities cut their price objective on Alexandria Real Estate Equities from $26.00 to $25.00 and set a “buy” rating for the company in a report on Monday, November 4th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $105.73.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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