Meiji Yasuda Asset Management Co Ltd. boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,380 shares of the real estate investment trust’s stock after buying an additional 220 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Alexandria Real Estate Equities were worth $407,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of ARE. Perigon Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 790 shares in the last quarter. First Personal Financial Services increased its stake in Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the last quarter. Invictus RG bought a new stake in Alexandria Real Estate Equities during the first quarter valued at $133,000. Victory Capital Management Inc. bought a new stake in Alexandria Real Estate Equities during the first quarter valued at $179,000. Finally, Global X Management Co. LLC increased its stake in Alexandria Real Estate Equities by 72.1% in the first quarter. Global X Management Co. LLC now owns 1,645 shares of the real estate investment trust’s stock valued at $182,000 after buying an additional 689 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 118.65 on Wednesday. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The company has a market cap of $11.11 billion, a P/E ratio of 267.83 and a beta of 0.86. The stock has a 50 day moving average of $120.48 and a 200 day moving average of $116.85.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.50. The company had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on ARE shares. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Barclays PLC boosted 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 report on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and a consensus target price of $124.60.

In other news, COO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the sale, the chief operating officer now owns 136,972 shares of the company’s stock, valued at $16,513,344.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Peter M. Moglia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the completion of the sale, the insider now directly owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. In the last three months, insiders sold 44,893 shares of company stock valued at $5,417,069. 1.51% of the stock is currently owned by company insiders.

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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