Raymond James & Associates Decreases Holdings in Alexandria Real Estate Equities Inc (ARE)

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Raymond James & Associates reduced its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,179 shares of the real estate investment trust’s stock after selling 1,287 shares during the period. Raymond James & Associates’ holdings in Alexandria Real Estate Equities were worth $1,033,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 11.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,804 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 498 shares during the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of Alexandria Real Estate Equities by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 11,667 shares of the real estate investment trust’s stock valued at $1,472,000 after purchasing an additional 502 shares during the last quarter. Advisors Preferred LLC increased its holdings in shares of Alexandria Real Estate Equities by 142.3% in the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 505 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Alexandria Real Estate Equities by 4.7% in the second quarter. Whittier Trust Co. now owns 14,255 shares of the real estate investment trust’s stock valued at $1,799,000 after acquiring an additional 635 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Alexandria Real Estate Equities by 5.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,805 shares of the real estate investment trust’s stock valued at $1,615,000 after acquiring an additional 645 shares in the last quarter.

In related news, insider Joel S. Marcus sold 29,500 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $126.87, for a total transaction of $3,742,665.00. Following the completion of the sale, the insider now owns 582,255 shares of the company’s stock, valued at $73,870,691.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Ryan sold 7,000 shares of the company’s stock in a transaction dated 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 directly owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The disclosure for this sale can be found here. Insiders sold 76,250 shares of company stock worth $9,731,103 over the last 90 days. 1.41% of the stock is currently owned by corporate insiders.

ARE stock opened at $121.79 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.39 and a current ratio of 0.39. Alexandria Real Estate Equities Inc has a 52 week low of $114.00 and a 52 week high of $134.37. The stock has a market capitalization of $12.96 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 3.03 and a beta of 0.70.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.64 EPS for the quarter, meeting the Thomson Reuters’ 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 business had revenue of $325.00 million for the quarter, compared to the consensus estimate of $331.27 million. During the same period in the prior year, the company posted $1.50 earnings per share. Alexandria Real Estate Equities’s revenue was up 19.0% compared to the same quarter last year. On average, analysts predict that Alexandria Real Estate Equities Inc will post 6.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.93 dividend. The ex-dividend date was Thursday, September 27th. This represents a $3.72 annualized dividend and a dividend yield of 3.05%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 61.79%.

ARE has been the topic of several research reports. Citigroup upped 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 research note on Wednesday, August 8th. Barclays upped 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 research note 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 research note on Monday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $112.84.

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

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