Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by Commerce Bank

Commerce Bank raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,074 shares of the real estate investment trust’s stock after purchasing an additional 5 shares during the quarter. Commerce Bank’s holdings in Alexandria Real Estate Equities were worth $370,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Alexandria Real Estate Equities by 20.5% during the 1st 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 purchasing an additional 2,504,746 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 worth $922,867,000 after buying an additional 8,094,530 shares during the last quarter. State Street Corp boosted its stake in shares of 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 worth $549,191,000 after buying an additional 1,186,353 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 19.5% in the second quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock worth $365,624,000 after buying an additional 494,964 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Alexandria Real Estate Equities by 60.6% in the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after buying an additional 810,466 shares during the last quarter.

ARE has been the topic of a number of recent research reports. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC upped their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $128.25.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 119.36 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The stock has a 50 day moving average price of $120.58 and a 200-day moving average price of $117.18. The stock has a market cap of $11.18 billion, a P/E ratio of 269.44 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. During the same quarter last year, the company posted $1.36 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current fiscal year.

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

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In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the sale, the chief operating officer now owns 136,972 shares of the company’s stock, valued at approximately $16,513,344.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the sale, the executive vice president now directly owns 158,000 shares in the company, valued at approximately $19,051,640. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,893 shares of company stock worth $6,019,969. Corporate 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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