Nomura Asset Management Co. Ltd. cut its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,134 shares of the real estate investment trust’s stock after selling 3,448 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Alexandria Real Estate Equities worth $8,344,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado lifted its holdings in shares of Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock valued at $2,068,000 after buying an additional 47 shares during the period. NGAM Advisors L.P. lifted its holdings in shares of Alexandria Real Estate Equities by 4.1% in the 2nd quarter. NGAM Advisors L.P. now owns 13,213 shares of the real estate investment trust’s stock valued at $1,592,000 after buying an additional 524 shares during the period. IFP Advisors Inc lifted its holdings in shares of Alexandria Real Estate Equities by 510.9% in the 2nd quarter. IFP Advisors Inc now owns 1,906 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 1,594 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Alexandria Real Estate Equities by 1.4% in the 2nd quarter. Retirement Systems of Alabama now owns 88,042 shares of the real estate investment trust’s stock valued at $10,606,000 after buying an additional 1,196 shares during the period. Finally, Pictet Asset Management Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 3.6% in the 2nd quarter. Pictet Asset Management Ltd. now owns 48,400 shares of the real estate investment trust’s stock valued at $5,647,000 after buying an additional 1,700 shares during the period.

Alexandria Real Estate Equities, Inc. (ARE) opened at $126.85 on Thursday. Alexandria Real Estate Equities, Inc. has a one year low of $105.74 and a one year high of $130.46. The firm has a market capitalization of $12,062.36, a P/E ratio of 21.32, a P/E/G ratio of 3.59 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.96). The company had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.39 EPS. equities analysts predict that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.90 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.60 annualized dividend and a yield of 2.84%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 390.91%.

Several research firms have recently commented on ARE. Bank of America raised their price target on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Mizuho reissued a “buy” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $113.17.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the transaction, the chief executive officer now owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joel S. Marcus sold 27,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $129.60, for a total value of $3,564,000.00. Following the transaction, the chief executive officer now directly owns 623,936 shares of the company’s stock, valued at approximately $80,862,105.60. The disclosure for this sale can be found here. Insiders have sold 87,250 shares of company stock valued at $10,919,130 in the last three months. 1.60% of the stock is currently owned by company insiders.

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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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