Green Street Investors LLC acquired a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,000 shares of the real estate investment trust’s stock, valued at approximately $2,736,000. Alexandria Real Estate Equities makes up about 1.7% of Green Street Investors LLC’s holdings, making the stock its 22nd largest holding.

Other large investors have also modified their holdings of the company. Muzinich & Co. Inc. raised its stake in Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 220 shares in the last quarter. Capital Analysts LLC bought a new position in Alexandria Real Estate Equities in the second quarter worth approximately $125,000. First Personal Financial Services raised its stake in Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 81 shares in the last quarter. Spirit of America Management Corp NY bought a new position in Alexandria Real Estate Equities in the third quarter worth approximately $154,000. Finally, Fox Run Management L.L.C. bought a new position in Alexandria Real Estate Equities in the third quarter worth approximately $226,000.

ARE has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Royal Bank Of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Barclays PLC lifted their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, BidaskClub lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $106.20.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 13,893 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following 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. Insiders have sold a total of 71,893 shares of company stock worth $8,645,989 over the last quarter. 1.51% of the stock is owned by company insiders.

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Alexandria Real Estate Equities, Inc. (NYSE ARE) traded up 0.490% during trading on Tuesday, reaching $122.316. 153,024 shares of the company’s stock traded hands. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.73 and a 12-month high of $124.49. The company has a market cap of $11.45 billion, a PE ratio of 276.108 and a beta of 0.87. The company has a 50 day moving average price of $120.82 and a 200-day moving average price of $119.19.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $285.60 million for the quarter, compared to analyst estimates of $286.11 million. During the same quarter in the prior year, the business earned $1.39 earnings per share. Alexandria Real Estate Equities’s revenue was up 24.0% compared to the same quarter last year. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.83%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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)

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