Alexandria Real Estate Equities Inc (ARE) Stake Lifted by American International Group Inc.

American International Group Inc. lifted its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 9.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 37,436 shares of the real estate investment trust’s stock after purchasing 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 SEC filing.

Other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 45.4% in the second quarter. Envestnet Asset Management Inc. now owns 14,278 shares of the real estate investment trust’s stock worth $1,801,000 after purchasing an additional 4,459 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in Alexandria Real Estate Equities by 336.4% in the second quarter. OppenheimerFunds Inc. now owns 105,067 shares of the real estate investment trust’s stock worth $13,256,000 after acquiring an additional 80,991 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in Alexandria Real Estate Equities by 7.3% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 14,435 shares of the real estate investment trust’s stock worth $1,821,000 after acquiring an additional 987 shares during the period. Lourd Capital LLC purchased a new stake in Alexandria Real Estate Equities in the third quarter worth $256,000. Finally, SG Americas Securities LLC lifted its stake in Alexandria Real Estate Equities by 45.3% in the second quarter. SG Americas Securities LLC now owns 43,292 shares of the real estate investment trust’s stock worth $5,462,000 after acquiring an additional 13,489 shares during the period.

Shares of Alexandria Real Estate Equities stock opened at $126.17 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.78. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.72. Alexandria Real Estate Equities Inc has a 12 month low of $114.00 and a 12 month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, beating the consensus estimate of $0.49 by $1.50. The business had revenue of $341.80 million during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.51 earnings per share. Sell-side analysts anticipate that Alexandria Real Estate Equities Inc will post 6.62 EPS for the current year.

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

ARE has been the subject of a number of research analyst reports. Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the stock a “buy” rating in a research note on Monday, October 15th. Citigroup raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and raised their price target for the stock from $133.00 to $144.00 in a research note on Monday, December 3rd. ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays dropped their price target on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 3rd. Finally, Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Monday, December 3rd. Eight analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $120.34.

In other news, insider Daniel J. Ryan sold 7,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $127.66, for a total value of $893,620.00. Following the completion of the transaction, the insider now owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $125.09, for a total value of $938,175.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,950 shares of company stock valued at $4,977,349. 1.41% of the stock is owned by insiders.

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

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