Sumitomo Mitsui Trust Holdings Inc. boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,132 shares of the real estate investment trust’s stock after buying an additional 9,987 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.32% of Alexandria Real Estate Equities worth $36,639,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC purchased a new position in Alexandria Real Estate Equities during the first quarter worth approximately $622,000. Hartford Investment Management Co. purchased a new position in Alexandria Real Estate Equities during the first quarter worth approximately $2,231,000. Mn Services Vermogensbeheer B.V. increased its position in 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 worth $219,000 after buying an additional 100 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in Alexandria Real Estate Equities during the first quarter worth approximately $475,000. Finally, Sumitomo Mitsui Asset Management Company LTD increased its position in Alexandria Real Estate Equities by 12.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,558 shares of the real estate investment trust’s stock worth $1,166,000 after buying an additional 1,170 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.49 on Monday. The company has a 50 day moving average price of $120.48 and a 200 day moving average price of $116.85. The company has a market cap of $11.28 billion, a P/E ratio of 271.99 and a beta of 0.86. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same quarter last year, the firm earned $1.36 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current year.

WARNING: “Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.” was first posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://theolympiareport.com/2017/08/28/alexandria-real-estate-equities-inc-are-shares-bought-by-sumitomo-mitsui-trust-holdings-inc.html.

A number of research analysts have commented on ARE shares. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Tuesday, July 18th. Finally, Barclays PLC increased their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $124.60.

In related news, insider Peter M. Moglia sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $119.27, for a total transaction of $238,540.00. Following the completion of the transaction, the insider now owns 85,867 shares of the company’s stock, valued at $10,241,357.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Peter M. Moglia sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $118.56, for a total transaction of $474,240.00. Following the transaction, the insider now directly owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. Insiders have sold 44,893 shares of company stock valued at $5,417,069 in the last three months. 1.51% of the stock is owned by 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.

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

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.