Alexandria Real Estate Equities Inc (ARE) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

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BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 53.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 65,270 shares of the real estate investment trust’s stock after buying an additional 22,660 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.06% of Alexandria Real Estate Equities worth $8,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bridgewater Associates LP lifted its holdings in Alexandria Real Estate Equities by 14.7% in the 3rd quarter. Bridgewater Associates LP now owns 5,122 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 655 shares during the period. Allianz Asset Management GmbH lifted its holdings in Alexandria Real Estate Equities by 13.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 328,401 shares of the real estate investment trust’s stock worth $41,310,000 after buying an additional 37,819 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $265,000. United Services Automobile Association lifted its holdings in Alexandria Real Estate Equities by 2.4% in the 3rd quarter. United Services Automobile Association now owns 33,675 shares of the real estate investment trust’s stock worth $4,236,000 after buying an additional 790 shares during the period. Finally, Standard Life Aberdeen plc lifted its holdings in Alexandria Real Estate Equities by 4.3% in the 3rd quarter. Standard Life Aberdeen plc now owns 834,443 shares of the real estate investment trust’s stock worth $104,965,000 after buying an additional 34,494 shares during the period.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Barclays lowered their target price on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday, December 3rd. ValuEngine upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday. Citigroup upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and raised their target price for the company from $133.00 to $144.00 in a research note on Monday, December 3rd. Finally, Evercore ISI set a $148.00 target price on Alexandria Real Estate Equities and gave the company a “buy” rating in a research note on Monday, October 15th. Eight research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $120.34.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $125.09, for a total transaction of $938,175.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joel S. Marcus sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $124.63, for a total value of $1,246,300.00. The disclosure for this sale can be found here. Insiders have sold 39,950 shares of company stock valued at $4,977,349 in the last quarter. 1.41% of the stock is owned by company insiders.

ARE opened at $126.17 on Friday. The company has a market capitalization of $13.28 billion, a PE ratio of 20.96, a PEG ratio of 2.89 and a beta of 0.72. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.27 and a quick ratio of 0.27. Alexandria Real Estate Equities Inc has a 52 week low of $114.00 and a 52 week high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $1.50. The company had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. As a group, research analysts expect that Alexandria Real Estate Equities Inc will post 6.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Friday, December 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 61.79%.

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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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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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