Bank of Montreal Can increased its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 156.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,630 shares of the real estate investment trust’s stock after purchasing an additional 228,688 shares during the period. Bank of Montreal Can’s holdings in Alexandria Real Estate Equities were worth $48,924,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of ARE. Cbre Clarion Securities LLC grew its stake in shares of Alexandria Real Estate Equities by 67.5% during the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after purchasing an additional 904,575 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Alexandria Real Estate Equities by 724.8% during the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after purchasing an additional 838,568 shares in the last quarter. AMP Capital Investors Ltd grew its stake in shares of Alexandria Real Estate Equities by 91.1% during the third quarter. AMP Capital Investors Ltd now owns 1,011,892 shares of the real estate investment trust’s stock worth $120,385,000 after purchasing an additional 482,400 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 14.5% during the third quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock worth $413,502,000 after purchasing an additional 440,716 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 22.4% during the second quarter. Goldman Sachs Group Inc. now owns 2,094,531 shares of the real estate investment trust’s stock worth $252,329,000 after purchasing an additional 383,115 shares in the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.

In other news, insider Peter M. Moglia sold 5,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $127.13, for a total value of $635,650.00. Following the completion of the sale, the insider now directly owns 116,867 shares of the company’s stock, valued at $14,857,301.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joel S. Marcus sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the completion of the sale, the chief executive officer now directly owns 651,436 shares of the company’s stock, valued at $82,673,742.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,250 shares of company stock valued at $7,986,230. 1.60% of the stock is owned by corporate insiders.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $125.95 on Friday. Alexandria Real Estate Equities Inc has a 1 year low of $106.89 and a 1 year high of $134.37. The firm has a market cap of $12,060.00, a price-to-earnings ratio of 143.13, a P/E/G ratio of 2.81 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83.

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 for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 20.87% and a return on equity of 3.95%. The company had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. During the same period last year, the firm earned $1.39 earnings per share. Alexandria Real Estate Equities’s revenue was up 24.0% on a year-over-year basis. equities analysts predict that Alexandria Real Estate Equities Inc will post 6.02 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.90 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a yield of 2.86%. Alexandria Real Estate Equities’s payout ratio is 409.09%.

ARE has been the subject of a number of analyst reports. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Monday, December 4th. Canaccord Genuity reissued a “buy” rating and issued a $20.37 price target on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Royal Bank of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Finally, National Bank Financial cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $100.62.

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About Alexandria Real Estate Equities

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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