58,666 Shares in Alexandria Real Estate Equities, Inc. (ARE) Purchased by Copeland Capital Management LLC

Copeland Capital Management LLC bought a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 58,666 shares of the real estate investment trust’s stock, valued at approximately $6,979,000. Copeland Capital Management LLC owned approximately 0.06% of Alexandria Real Estate Equities at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ARE. JPMorgan Chase & Co. grew its position in shares of Alexandria Real Estate Equities by 14.7% in the second quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock valued at $240,656,000 after purchasing an additional 255,378 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Alexandria Real Estate Equities by 13.9% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,766 shares of the real estate investment trust’s stock valued at $21,656,000 after purchasing an additional 21,974 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Alexandria Real Estate Equities by 6.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,846 shares of the real estate investment trust’s stock valued at $5,282,000 after purchasing an additional 2,554 shares during the last quarter. Bank of Montreal Can grew its position in shares of Alexandria Real Estate Equities by 181.2% in the second quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock valued at $18,660,000 after purchasing an additional 99,817 shares during the last quarter. Finally, Federated Investors Inc. PA grew its position in shares of Alexandria Real Estate Equities by 438.1% in the second quarter. Federated Investors Inc. PA now owns 8,539 shares of the real estate investment trust’s stock valued at $1,029,000 after purchasing an additional 6,952 shares during the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) traded up 0.28% during mid-day trading on Wednesday, reaching $124.31. 18,321 shares of the company were exchanged. The company’s 50 day moving average price is $120.92 and its 200 day moving average price is $119.22. The firm has a market capitalization of $11.64 billion, a PE ratio of 280.61 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.73 and a 12 month high of $124.68.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.77%. The firm had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. During the same quarter in the prior year, the firm earned $1.39 EPS. The firm’s revenue was up 24.0% compared to the same quarter last year. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.78%. Alexandria Real Estate Equities’s dividend payout ratio is currently 390.91%.

ARE has been the topic of several research reports. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Wednesday, August 9th. Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. BidaskClub lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Finally, Barclays PLC increased their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $106.20.

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In related news, COO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total transaction of $904,200.00. Following the transaction, the chief operating officer now directly owns 136,972 shares of the company’s stock, valued at $16,513,344.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the transaction, the executive vice president now directly owns 158,000 shares in the company, valued at $19,051,640. The disclosure for this sale can be found here. Insiders have sold 71,893 shares of company stock worth $8,645,989 in the last 90 days. 1.51% of the stock is owned by company 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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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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