19,736 Shares in Alexandria Real Estate Equities Inc (ARE) Acquired by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX acquired a new stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) during the first quarter, Holdings Channel reports. The institutional investor acquired 19,736 shares of the real estate investment trust’s stock, valued at approximately $2,181,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its stake in shares of Alexandria Real Estate Equities by 4.9% in the third quarter. Nationwide Fund Advisors now owns 138,248 shares of the real estate investment trust’s stock valued at $15,037,000 after buying an additional 6,466 shares during the last quarter. Oakbrook Investments LLC boosted its stake in shares of Alexandria Real Estate Equities by 5.3% in the third quarter. Oakbrook Investments LLC now owns 3,939 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 200 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Alexandria Real Estate Equities by 9.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 181,750 shares of the real estate investment trust’s stock valued at $19,769,000 after buying an additional 15,000 shares during the last quarter. Solaris Asset Management LLC bought a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $137,000. Finally, Henderson Group PLC boosted its stake in shares of Alexandria Real Estate Equities by 717.9% in the third quarter. Henderson Group PLC now owns 89,463 shares of the real estate investment trust’s stock valued at $9,733,000 after buying an additional 78,525 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

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

Alexandria Real Estate Equities Inc (NYSE:ARE) opened at 115.94 on Friday. Alexandria Real Estate Equities Inc has a 12-month low of $90.83 and a 12-month high of $120.96. The company’s market capitalization is $10.30 billion. The firm’s 50 day moving average price is $112.41 and its 200-day moving average price is $110.41.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, January 30th. The real estate investment trust reported $1.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.43 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 0.78% and a negative net margin of 8.78%. The company earned $249.20 million during the quarter, compared to the consensus estimate of $181.32 million. During the same period last year, the firm posted $1.33 earnings per share. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Alexandria Real Estate Equities Inc will post $1.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, March 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -165.17%.

TRADEMARK VIOLATION WARNING: This story was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/2484457/19736-shares-in-alexandria-real-estate-equities-inc-are-acquired-by-exxonmobil-investment-management-inc-tx.html.

Several brokerages recently commented on ARE. Evercore ISI cut Alexandria Real Estate Equities to a “buy” rating in a report on Friday, March 3rd. Barclays PLC upped their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, January 26th. Finally, Mizuho reiterated a “buy” rating and issued a $125.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $118.88.

In other news, CEO Joel S. Marcus sold 13,000 shares of the business’s stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $108.52, for a total value of $1,410,760.00. Following the completion of the transaction, the chief executive officer now owns 723,619 shares in the company, valued at $78,527,133.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James P. Cain sold 250 shares of the business’s stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $109.54, for a total value of $27,385.00. Following the completion of the transaction, the director now owns 3,128 shares of the company’s stock, valued at approximately $342,641.12. The disclosure for this sale can be found here. Insiders sold 84,250 shares of company stock worth $9,417,210 over the last three months. Corporate insiders own 1.60% of the company’s stock.

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.

5 Day Chart for NYSE:ARE

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (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 MarketBeat.com's FREE daily email newsletter.

Latest News

Burberry Misses Estimates on Sales
Burberry Misses Estimates on Sales
Snapchat: CEO Did Not Label India as Being Poor
Snapchat: CEO Did Not Label India as Being Poor
Credit Suisse Slashes Bonuses by 40%
Credit Suisse Slashes Bonuses by 40%
Daily Mail to Pay Melania Trump $3 Million
Daily Mail to Pay Melania Trump $3 Million
New York Approves Free College Tuition
New York Approves Free College Tuition
Obamacare Market in Iowa Hit Hard by Aetna
Obamacare Market in Iowa Hit Hard by Aetna


Leave a Reply

© 2006-2017 Ticker Report. Google+.