American International Group Inc. cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 80.7% during the first quarter, Holdings Channel reports. The firm owned 29,565 shares of the real estate investment trust’s stock after selling 123,558 shares during the period. American International Group Inc.’s holdings in Alexandria Real Estate Equities were worth $3,268,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in ARE. Ladenburg Thalmann Financial Services Inc. raised its position in shares of 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 valued at $115,000 after buying an additional 41 shares during the period. 1st Global Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 57 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 100 shares during the period. Stifel Financial Corp raised its position in shares of Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 100 shares during the period. Finally, Atria Investments LLC raised its position in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 117 shares during the period.

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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 117.88 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $96.63 and a 1-year high of $120.96. The firm’s market cap is $10.74 billion. The company’s 50-day moving average price is $116.80 and its 200 day moving average price is $113.40.

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

The company also recently declared 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 represents a $3.44 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s payout ratio is -198.80%.

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Several equities analysts have recently commented on the company. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Barclays PLC increased their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Evercore ISI lowered Alexandria Real Estate Equities to a “buy” rating in a research note on Friday, March 3rd. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Finally, Mizuho reissued a “buy” rating and set a $125.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday, March 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $118.88.

In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was 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 $10,891,751.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stephen Richardson sold 7,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $117.51, for a total value of $881,325.00. Following the sale, the chief operating officer now directly owns 108,472 shares of the company’s stock, valued at approximately $12,746,544.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,924 shares of company stock valued at $7,550,954. 1.60% of the stock is owned by company insiders.

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.

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