Alexandria Real Estate Equities, Inc. (ARE) Position Boosted by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,457 shares of the real estate investment trust’s stock after purchasing an additional 3,198 shares during the quarter. Chevy Chase Trust Holdings Inc. owned 0.09% of Alexandria Real Estate Equities worth $9,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. boosted its position in Alexandria Real Estate Equities by 30.4% during the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 220 shares during the period. Capital Analysts LLC acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth about $125,000. First Personal Financial Services boosted its position in Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 81 shares during the period. Spirit of America Management Corp NY acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth about $154,000. Finally, Fox Run Management L.L.C. acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth about $226,000.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at $131.89 on Friday. The stock has a market capitalization of $12,554.35, a PE ratio of 22.19 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, Inc. has a 1-year low of $105.74 and a 1-year high of $132.44.

Alexandria Real Estate Equities (NYSE:ARE) last announced 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 Thomson Reuters’ consensus estimate of $1.51 by ($0.96). The firm had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.39 earnings per share. sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.73%. This is a positive change 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 payout ratio is currently 390.91%.

In related news, CEO Joel S. Marcus sold 13,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $126.91, for a total value of $1,649,830.00. Following the transaction, the chief executive officer now directly owns 651,436 shares of the company’s stock, valued at approximately $82,673,742.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the transaction, the chief executive officer now directly owns 664,436 shares in the company, valued at $79,061,239.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,250 shares of company stock valued at $10,960,980. 1.60% of the stock is owned by corporate insiders.

A number of equities research analysts have commented on ARE shares. Canaccord Genuity restated a “buy” rating and set a $20.37 price objective on shares of Alexandria Real Estate Equities in a research report on Monday. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Monday, December 4th. Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Royal Bank of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Finally, Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average target price of $99.91.

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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.

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

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