Migdal Insurance & Financial Holdings Ltd. Buys New Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 80,784 shares of the real estate investment trust’s stock, valued at approximately $9,680,000. Migdal Insurance & Financial Holdings Ltd. owned about 0.08% of Alexandria Real Estate Equities at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ARE. Vanguard Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 6.6% during the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock valued at $1,894,168,000 after buying an additional 970,646 shares during the last quarter. Cbre Clarion Securities LLC boosted its holdings in shares of Alexandria Real Estate Equities by 67.5% in the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock valued at $270,380,000 after purchasing an additional 904,575 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Alexandria Real Estate Equities by 724.8% in the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock valued at $114,975,000 after purchasing an additional 838,568 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 valued at $258,693,000 after purchasing an additional 810,466 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $83,357,000.

A number of brokerages recently issued reports on ARE. Bank of America Corporation boosted their price target on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Mizuho reiterated a “buy” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Five equities research analysts have rated the stock with 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 price target of $113.17.

Alexandria Real Estate Equities, Inc. (ARE) traded up $0.54 during trading on Friday, reaching $126.64. The company’s stock had a trading volume of 304,200 shares, compared to its average volume of 730,336. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $12,070.02, a price-to-earnings ratio of 21.34, a P/E/G ratio of 3.47 and a beta of 0.85. Alexandria Real Estate Equities, Inc. has a one year low of $103.32 and a one year high of $126.88.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). The company had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.39 EPS. research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.72%. Alexandria Real Estate Equities’s dividend payout ratio is currently 390.91%.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the executive vice president now owns 158,000 shares in the company, valued at approximately $19,051,640. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total value of $1,877,980.00. Following the sale, the chief executive officer now owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,500 shares of company stock valued at $6,683,980. Company insiders own 1.60% of the company’s stock.

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Alexandria Real Estate Equities 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.

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

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