Alexandria Real Estate Equities, Inc. (ARE) Position Maintained by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC held its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,020 shares of the real estate investment trust’s stock at the end of the second quarter. Anchor Capital Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Nationwide Fund Advisors raised its stake in Alexandria Real Estate Equities by 65.3% in the first quarter. Nationwide Fund Advisors now owns 229,711 shares of the real estate investment trust’s stock valued at $25,388,000 after buying an additional 90,781 shares during the period. State of Alaska Department of Revenue raised its stake in Alexandria Real Estate Equities by 54.1% in the first quarter. State of Alaska Department of Revenue now owns 45,579 shares of the real estate investment trust’s stock valued at $5,036,000 after buying an additional 16,009 shares during the period. Hartford Investment Management Co. purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at $2,231,000. Quantitative Systematic Strategies LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at $519,000. Finally, Capital Impact Advisors LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at $1,641,000.

Alexandria Real Estate Equities, Inc. (ARE) traded down 1.36% during trading on Friday, reaching $120.01. The company had a trading volume of 565,851 shares. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 270.90 and a beta of 0.86. The stock has a 50 day moving average price of $120.39 and a 200 day moving average price of $116.47. 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 released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current year.

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Several analysts have weighed in on the company. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays PLC upped their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Tuesday, July 18th. Finally, TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average price target of $124.50.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was 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 legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the sale, the chief executive officer now directly owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,893 shares of company stock valued at $5,888,629. Insiders own 1.60% of the company’s stock.

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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