Ameriprise Financial Inc. raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 885,616 shares of the real estate investment trust’s stock after purchasing an additional 12,310 shares during the period. Ameriprise Financial Inc. owned 0.95% of Alexandria Real Estate Equities worth $106,708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ARE. Chicago Equity Partners LLC bought a new position in Alexandria Real Estate Equities during the 1st quarter valued at approximately $265,000. Advisors Asset Management Inc. raised its position in Alexandria Real Estate Equities by 156.0% during the 1st quarter. Advisors Asset Management Inc. now owns 10,051 shares of the real estate investment trust’s stock valued at $1,111,000 after purchasing an additional 6,125 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Alexandria Real Estate Equities by 147.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock valued at $616,000 after purchasing an additional 3,205 shares during the last quarter. US Bancorp DE raised its position in Alexandria Real Estate Equities by 4.7% during the 1st quarter. US Bancorp DE now owns 17,122 shares of the real estate investment trust’s stock valued at $1,892,000 after purchasing an additional 772 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in Alexandria Real Estate Equities by 43.6% during the 1st quarter. Suntrust Banks Inc. now owns 5,111 shares of the real estate investment trust’s stock valued at $564,000 after purchasing an additional 1,551 shares during the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.52 on Friday. The company has a market cap of $11.28 billion, a price-to-earnings ratio of 272.05 and a beta of 0.87. The stock has a 50 day moving average price of $120.52 and a 200 day moving average price of $117.21. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

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

In other news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the executive vice president now owns 158,000 shares of the company’s stock, valued at $19,051,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total transaction of $238,540.00. Following the sale, the insider now directly owns 85,867 shares of the company’s stock, valued at approximately $10,241,357.09. The disclosure for this sale can be found here. Insiders have sold 48,893 shares of company stock valued at $5,909,779 in the last ninety days. Insiders own 1.60% of the company’s stock.

A number of research analysts have commented on ARE shares. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday, August 9th. BidaskClub lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC increased their target price on 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $128.25.

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About Alexandria Real Estate Equities

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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