Whittier Trust Co. grew its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 4.1% during the fourth quarter, HoldingsChannel reports. The firm owned 13,771 shares of the real estate investment trust’s stock after acquiring an additional 543 shares during the period. Whittier Trust Co.’s holdings in Alexandria Real Estate Equities were worth $1,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. AMP Capital Investors Ltd raised its stake in Alexandria Real Estate Equities by 91.1% during the 3rd quarter. AMP Capital Investors Ltd now owns 1,011,892 shares of the real estate investment trust’s stock worth $120,385,000 after acquiring an additional 482,400 shares in the last quarter. Principal Financial Group Inc. raised its stake in Alexandria Real Estate Equities by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock worth $413,502,000 after acquiring an additional 440,716 shares in the last quarter. Legal & General Group Plc raised its stake in Alexandria Real Estate Equities by 72.4% during the 3rd quarter. Legal & General Group Plc now owns 744,212 shares of the real estate investment trust’s stock worth $88,540,000 after acquiring an additional 312,446 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Alexandria Real Estate Equities by 14,105.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 242,910 shares of the real estate investment trust’s stock worth $28,899,000 after acquiring an additional 241,200 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in Alexandria Real Estate Equities by 156.7% during the 4th quarter. Bank of Montreal Can now owns 374,630 shares of the real estate investment trust’s stock worth $48,924,000 after acquiring an additional 228,688 shares in the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

ARE has been the topic of several research analyst reports. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target on the stock in a research note on Monday, December 4th. Royal Bank of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research note on Tuesday, January 23rd. National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Monday, October 23rd. Finally, Barclays raised their price objective on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.67.

Alexandria Real Estate Equities Inc (NYSE ARE) opened at $120.36 on Wednesday. Alexandria Real Estate Equities Inc has a 52-week low of $106.89 and a 52-week high of $134.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market cap of $12,055.53, a price-to-earnings ratio of 76.66, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($1.16). Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The business had revenue of $298.79 million for the quarter, compared to analysts’ expectations of $293.63 million. During the same period in the previous year, the business posted $1.42 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. equities analysts anticipate that Alexandria Real Estate Equities Inc will post 6.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $0.90 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.60 annualized dividend and a dividend yield of 2.99%. Alexandria Real Estate Equities’s payout ratio is presently 229.30%.

In other news, insider Peter M. Moglia sold 1,750 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $130.00, for a total value of $227,500.00. Following the sale, the insider now owns 115,117 shares of the company’s stock, valued at $14,965,210. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $127.81, for a total transaction of $639,050.00. Following the completion of the sale, the executive vice president now directly owns 136,916 shares in the company, valued at approximately $17,499,233.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,250 shares of company stock worth $14,752,120. Insiders own 1.51% of the company’s stock.

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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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