Alexandria Real Estate Equities, Inc. (ARE) Stake Lessened by Chicago Equity Partners LLC

Chicago Equity Partners LLC decreased its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,320 shares of the real estate investment trust’s stock after selling 80 shares during the quarter. Chicago Equity Partners LLC’s holdings in Alexandria Real Estate Equities were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARE. Perigon Wealth Management LLC grew its stake in shares of Alexandria Real Estate Equities by 395.0% in the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 790 shares in the last quarter. Capital Analysts LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth $125,000. Invictus RG bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth $133,000. First Personal Financial Services grew its stake in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 81 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth $179,000.

ARE has been the subject of several recent analyst reports. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Barclays PLC upped their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $128.25.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.83 on Friday. The company has a 50 day moving average of $120.53 and a 200-day moving average of $117.21. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The stock has a market capitalization of $11.31 billion, a P/E ratio of 272.75 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same period last year, the company earned $1.36 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 20.8% on a year-over-year basis. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.86 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.85%. Alexandria Real Estate Equities’s payout ratio is 860.02%.

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In related news, CEO Joel S. Marcus sold 15,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the sale, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total value of $238,540.00. Following the completion of the sale, the insider now owns 85,867 shares of the company’s stock, valued at $10,241,357.09. The disclosure for this sale can be found here. Insiders sold a total of 48,893 shares of company stock valued at $5,909,779 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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

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