Teachers Insurance & Annuity Association of America Has $10.11 Million Stake in Alexandria Real Estate Equities, Inc. (ARE)

Teachers Insurance & Annuity Association of America boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.9% during the first quarter, according to its most recent Form 13F filing with the 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 approximately 0.10% of Alexandria Real Estate Equities worth $10,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Alexandria Real Estate Equities by 3,165.7% in the first quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock valued at $922,867,000 after buying an additional 8,094,530 shares in the last quarter. Vanguard Group Inc. boosted its position in Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock valued at $1,630,446,000 after buying an additional 2,504,746 shares in the last quarter. State Street Corp boosted its position in Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after buying an additional 1,186,353 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Alexandria Real Estate Equities by 152.5% in the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock valued at $192,555,000 after buying an additional 1,052,130 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Alexandria Real Estate Equities by 159.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,266,286 shares of the real estate investment trust’s stock valued at $139,950,000 after buying an additional 777,356 shares in the last quarter.

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

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded up 1.05% on Monday, hitting $119.12. 1,519,631 shares of the stock were exchanged. The company’s market cap is $10.85 billion. Alexandria Real Estate Equities, Inc. has a one year low of $96.63 and a one year high of $120.96. The firm’s 50-day moving average is $116.80 and its 200-day moving average is $113.40.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $270.90 million during 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 firm’s revenue was up 25.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a $0.86 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.89%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -198.80%.

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ARE has been the subject of a number of research analyst reports. Barclays PLC increased their target price on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Friday, March 10th. Evercore ISI raised shares of 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 report on Tuesday, March 21st. Finally, Mizuho reaffirmed a “buy” rating and issued a $125.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $118.88.

In related news, Director James P. Cain sold 250 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $109.54, for a total value of $27,385.00. Following the completion of the sale, the director now owns 3,128 shares in the company, valued at $342,641.12. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peter M. Moglia sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total transaction of $474,240.00. Following the completion of the sale, the insider now owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,924 shares of company stock valued at $7,550,954. 1.51% of the stock is owned by insiders.

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.

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