Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 328,538 shares of the real estate investment trust’s stock after buying an additional 24,406 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.34% of Alexandria Real Estate Equities worth $39,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ARE. Capstone Asset Management Co. raised its holdings in Alexandria Real Estate Equities by 14.8% in the 2nd quarter. Capstone Asset Management Co. now owns 6,532 shares of the real estate investment trust’s stock valued at $787,000 after buying an additional 840 shares during the period. Gateway Investment Advisers LLC raised its holdings in Alexandria Real Estate Equities by 0.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock valued at $680,000 after buying an additional 23 shares during the period. LS Investment Advisors LLC raised its holdings in Alexandria Real Estate Equities by 5.3% in the 2nd quarter. LS Investment Advisors LLC now owns 4,488 shares of the real estate investment trust’s stock valued at $541,000 after buying an additional 224 shares during the period. Louisiana State Employees Retirement System raised its holdings in Alexandria Real Estate Equities by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the real estate investment trust’s stock valued at $675,000 after buying an additional 100 shares during the period. Finally, Aperio Group LLC raised its holdings in Alexandria Real Estate Equities by 5.5% in the 2nd quarter. Aperio Group LLC now owns 18,042 shares of the real estate investment trust’s stock valued at $2,174,000 after buying an additional 946 shares during the period.

A number of brokerages have issued reports on ARE. Bank of America boosted their price target on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Mizuho reiterated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $113.17.

In related news, EVP Thomas J. Andrews sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the transaction, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at $18,422,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 27,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $129.60, for a total value of $3,564,000.00. Following the completion of the transaction, the chief executive officer now directly owns 623,936 shares of the company’s stock, valued at $80,862,105.60. The disclosure for this sale can be found here. Insiders sold 87,250 shares of company stock valued at $10,919,130 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up $1.32 during trading on Thursday, hitting $128.17. The stock had a trading volume of 834,960 shares, compared to its average volume of 727,057. Alexandria Real Estate Equities, Inc. has a 1-year low of $105.74 and a 1-year high of $130.46. The firm has a market capitalization of $12,062.36, a P/E ratio of 21.32, a PEG ratio of 3.59 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.81%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio is 390.91%.

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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.

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

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