Phocas Financial Corp. decreased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 46.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,381 shares of the real estate investment trust’s stock after selling 11,558 shares during the quarter. Phocas Financial Corp.’s holdings in Alexandria Real Estate Equities were worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ARE. Stifel Financial Corp grew its position in Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 100 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Alexandria Real Estate Equities in the first quarter worth approximately $179,000. Neuberger Berman Group LLC grew its position in Alexandria Real Estate Equities by 4.2% in the first quarter. Neuberger Berman Group LLC now owns 11,861 shares of the real estate investment trust’s stock worth $1,311,000 after buying an additional 475 shares during the last quarter. United Services Automobile Association acquired a new position in Alexandria Real Estate Equities in the first quarter worth approximately $3,008,000. Finally, Teachers Advisors LLC grew its position in Alexandria Real Estate Equities by 34.4% in the first quarter. Teachers Advisors LLC now owns 351,270 shares of the real estate investment trust’s stock worth $38,822,000 after buying an additional 89,898 shares during the last quarter.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded up 0.01% during trading on Tuesday, reaching $123.51. 86,424 shares of the company’s stock traded hands. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.73 and a 12 month high of $124.37. The company has a market cap of $11.56 billion, a P/E ratio of 278.80 and a beta of 0.87. The firm’s 50 day moving average is $120.05 and its 200 day moving average is $118.34.

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

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.79%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

In other news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the sale, the chief executive officer now owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,893 shares of company stock worth $8,645,989. Company insiders own 1.51% of the company’s stock.

Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Wednesday, August 9th. BidaskClub cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $128.25.

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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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