Davis Selected Advisers Has $11.75 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Davis Selected Advisers decreased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,540 shares of the real estate investment trust’s stock after selling 8 shares during the period. Davis Selected Advisers owned 0.10% of Alexandria Real Estate Equities worth $11,751,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ARE. Chicago Equity Partners LLC bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth $265,000. State Board of Administration of Florida Retirement System raised its stake in shares of Alexandria Real Estate Equities by 2.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 128,162 shares of the real estate investment trust’s stock worth $14,164,000 after buying an additional 3,390 shares in the last quarter. Public Employees Retirement Association of Colorado grew its holdings in shares of Alexandria Real Estate Equities by 1.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 17,116 shares of the real estate investment trust’s stock worth $1,892,000 after acquiring an additional 311 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Alexandria Real Estate Equities by 156.0% in the 1st quarter. Advisors Asset Management Inc. now owns 10,051 shares of the real estate investment trust’s stock worth $1,111,000 after acquiring an additional 6,125 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Alexandria Real Estate Equities by 147.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock worth $616,000 after acquiring an additional 3,205 shares during the last quarter.

In other news, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $121.22, for a total value of $1,684,109.46. Following the completion of the sale, the chief executive officer now directly owns 705,829 shares in the company, valued at $85,560,591.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the completion of the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at $18,422,730. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,893 shares of company stock valued at $5,671,239. 1.60% of the stock is currently owned by corporate insiders.

A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Wednesday, August 9th. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Barclays PLC boosted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $128.25.

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Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 119.34 on Friday. The firm’s 50-day moving average price is $120.48 and its 200 day moving average price is $117.23. The firm has a market cap of $11.17 billion, a P/E ratio of 269.39 and a beta of 0.87. 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 posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period last year, the company posted $1.36 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. Analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.88%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

About Alexandria Real Estate Equities

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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