Kempen Capital Management N.V. Trims Stake in Alexandria Real Estate Equities, Inc. (ARE)

Kempen Capital Management N.V. cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,224 shares of the real estate investment trust’s stock after selling 2,605 shares during the period. Kempen Capital Management N.V.’s holdings in Alexandria Real Estate Equities were worth $3,520,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 20.5% in the 1st quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after buying an additional 2,504,746 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Alexandria Real Estate Equities by 5.5% in the 2nd quarter. BlackRock Inc. now owns 8,810,925 shares of the real estate investment trust’s stock worth $1,061,452,000 after buying an additional 460,698 shares during the last quarter. State Street Corp increased its holdings in shares of Alexandria Real Estate Equities by 31.4% in the 1st quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock worth $549,191,000 after buying an additional 1,186,353 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Alexandria Real Estate Equities by 19.5% in the 2nd quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock worth $365,624,000 after buying an additional 494,964 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Alexandria Real Estate Equities by 60.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares during the last quarter.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $238,540.00. Following the transaction, the insider now directly owns 85,867 shares in the company, valued at $10,241,357.09. The disclosure for this sale can be found here. Insiders have sold 48,893 shares of company stock worth $5,909,779 over the last ninety days. 1.51% of the stock is owned by insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 0.31% during trading on Monday, reaching $120.89. 59,500 shares of the company traded hands. The stock has a market capitalization of $11.32 billion, a PE ratio of 272.89 and a beta of 0.87. The firm has a 50 day moving average of $120.52 and a 200 day moving average of $117.21. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

ARE has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Wednesday, August 9th. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Barclays PLC upped their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $128.25.

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Alexandria Real Estate Equities Company 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.

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

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