O Shaughnessy Asset Management LLC Acquires 362 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

O Shaughnessy Asset Management LLC lifted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 139.8% during the 2nd quarter, Holdings Channel reports. The firm owned 621 shares of the real estate investment trust’s stock after acquiring an additional 362 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $113,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at about $30,000. Tobam bought a new position in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $36,000. E Fund Management Co. Ltd. purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $37,000. Finally, Deseret Mutual Benefit Administrators purchased a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Several analysts have recently issued reports on the company. Mizuho reaffirmed a “buy” rating and set a $200.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, July 14th. Royal Bank of Canada increased their price target on Alexandria Real Estate Equities from $205.00 to $222.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 17th. JMP Securities raised their price objective on Alexandria Real Estate Equities from $200.00 to $210.00 and gave the company a “market outperform” rating in a research report on Monday, July 12th. Finally, BMO Capital Markets raised their price objective on Alexandria Real Estate Equities to $20.00 and gave the stock a “market perform” rating in a research note on Monday, July 26th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average price target of $171.71.

Shares of ARE stock opened at $194.73 on Wednesday. The company has a market cap of $29.67 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 3.45 and a beta of 0.73. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $201.95 and a 200-day simple moving average of $185.81. Alexandria Real Estate Equities, Inc. has a 12-month low of $150.08 and a 12-month high of $209.76.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Sunday, July 25th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $1.98. Alexandria Real Estate Equities had a return on equity of 6.46% and a net margin of 45.83%. During the same quarter in the previous year, the business earned $1.82 EPS. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 7.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be given a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Wednesday, September 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 61.37%.

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, July 28th. The stock was sold at an average price of $200.02, for a total value of $1,000,100.00. Following the completion of the transaction, the chairman now directly owns 329,597 shares in the company, valued at $65,925,991.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joseph Hakman sold 2,808 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, July 29th. The shares were sold at an average price of $199.96, for a total value of $561,487.68. The disclosure for this sale can be found here. Insiders have sold 95,538 shares of company stock valued at $19,454,703 over the last 90 days. Insiders own 1.12% of the company’s stock.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. It engages in the ownership, operation, development, and redevelopment of life science and technology properties. The firm also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.

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

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