Public Employees Retirement System of Ohio lifted its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,285 shares of the real estate investment trust’s stock after buying an additional 910 shares during the quarter. Public Employees Retirement System of Ohio owned 0.21% of Alexandria Real Estate Equities worth $28,424,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. Advisors Preferred LLC boosted its position in Alexandria Real Estate Equities by 142.3% during the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 505 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Alexandria Real Estate Equities during the second quarter worth $164,000. NumerixS Investment Technologies Inc purchased a new stake in Alexandria Real Estate Equities during the second quarter worth $177,000. Advisor Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $205,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at $206,000. Hedge funds and other institutional investors own 98.98% of the company’s stock.
Several analysts have recently issued reports on ARE shares. Barclays upped their price objective on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Tuesday, July 17th. Citigroup upped their price objective on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $108.93.
Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 30th. The real estate investment trust reported $1.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.64. The firm had revenue of $325.00 million during the quarter, compared to analyst estimates of $331.27 million. Alexandria Real Estate Equities had a return on equity of 4.36% and a net margin of 22.86%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 earnings per share. As a group, equities analysts predict that Alexandria Real Estate Equities Inc will post 6.61 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.93 dividend. The ex-dividend date is Thursday, September 27th. This represents a $3.72 annualized dividend and a yield of 3.10%. Alexandria Real Estate Equities’s payout ratio is currently 61.79%.
In other Alexandria Real Estate Equities news, insider Dean A. Shigenaga sold 9,000 shares of the company’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $129.59, for a total transaction of $1,166,310.00. Following the completion of the sale, the insider now directly owns 148,645 shares in the company, valued at $19,262,905.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $126.66, for a total value of $949,950.00. Following the sale, the chief executive officer now owns 152,392 shares of the company’s stock, valued at $19,301,970.72. The disclosure for this sale can be found here. Insiders sold 76,250 shares of company stock valued at $9,731,103 over the last quarter. Insiders own 1.41% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.
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