Teachers Insurance & Annuity Association of America Increases Position in Alexandria Real Estate Equities, Inc. (ARE)

Teachers Insurance & Annuity Association of America increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,434 shares of the real estate investment trust’s stock after buying an additional 8,259 shares during the period. Teachers Insurance & Annuity Association of America owned 0.10% of Alexandria Real Estate Equities worth $10,105,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ARE. Cigna Investments Inc. New acquired a new position in Alexandria Real Estate Equities during the fourth quarter valued at $313,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in Alexandria Real Estate Equities by 1.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 78,802 shares of the real estate investment trust’s stock worth $8,757,000 after buying an additional 1,249 shares in the last quarter. Tudor Investment Corp Et Al increased its stake in Alexandria Real Estate Equities by 13.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 10,498 shares of the real estate investment trust’s stock worth $1,167,000 after buying an additional 1,212 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $2,934,000.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 0.32% during trading on Friday, hitting $118.53. 399,377 shares of the stock were exchanged. The stock has a 50 day moving average of $118.41 and a 200-day moving average of $114.06. Alexandria Real Estate Equities, Inc. has a 52 week low of $100.53 and a 52 week high of $122.28. The stock’s market cap is $10.79 billion.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $270.90 million for the quarter, compared to the consensus estimate of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be given a dividend of $0.86 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date is Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.90%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -205.99%.

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ARE has been the topic of a number of recent analyst reports. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Mizuho reiterated a “buy” rating and issued a $125.00 price target on shares of Alexandria Real Estate Equities in a research note on Monday, March 20th. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Finally, Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 target price for the company in a research note on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $122.71.

In other news, insider Peter M. Moglia sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the transaction, the insider now owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total transaction of $238,540.00. Following the completion of the transaction, the insider now directly owns 85,867 shares in the company, valued at approximately $10,241,357.09. The disclosure for this sale can be found here. Insiders have sold a total of 35,674 shares of company stock worth $4,130,859 in the last three months. 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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