Huntington National Bank reduced its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,114 shares of the real estate investment trust’s stock after selling 149 shares during the quarter. Huntington National Bank’s holdings in Alexandria Real Estate Equities were worth $1,709,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 4th quarter valued at $99,599,000. Principal Financial Group Inc. raised its stake in Alexandria Real Estate Equities by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 5,093,085 shares of the real estate investment trust’s stock valued at $726,070,000 after purchasing an additional 356,441 shares during the last quarter. Geode Capital Management LLC raised its stake in Alexandria Real Estate Equities by 11.0% in the 4th quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock valued at $194,957,000 after purchasing an additional 168,461 shares during the last quarter. Resolution Capital Ltd raised its stake in Alexandria Real Estate Equities by 9.8% in the 2nd quarter. Resolution Capital Ltd now owns 1,665,066 shares of the real estate investment trust’s stock valued at $234,924,000 after purchasing an additional 148,349 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Alexandria Real Estate Equities by 52.0% in the 4th quarter. American Century Companies Inc. now owns 431,326 shares of the real estate investment trust’s stock valued at $49,706,000 after purchasing an additional 147,501 shares during the last quarter. 98.19% of the stock is owned by hedge funds and other institutional investors.

In other news, Director James P. Cain sold 450 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $139.82, for a total transaction of $62,919.00. Following the completion of the transaction, the director now directly owns 3,506 shares in the company, valued at approximately $490,208.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Real Estate Equitie Alexandria purchased 975,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of $10.00 per share, with a total value of $9,750,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 26,177 shares of company stock valued at $3,701,158. Company insiders own 1.43% of the company’s stock.

Several analysts have issued reports on ARE shares. Barclays dropped their target price on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average price target of $108.57.

NYSE:ARE traded up $1.15 during trading hours on Monday, hitting $144.61. The company had a trading volume of 101,731 shares, compared to its average volume of 651,260. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71. The business’s 50-day moving average price is $145.78. The firm has a market capitalization of $16.29 billion, a P/E ratio of 21.91, a P/E/G ratio of 4.75 and a beta of 0.74. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $153.51.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.57). The business had revenue of $358.80 million for the quarter, compared to analysts’ expectations of $356.93 million. Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.77%. Alexandria Real Estate Equities’s dividend payout ratio is currently 60.61%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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