Strs Ohio Acquires 52,627 Shares of Alexandria Real Estate Equities Inc (ARE)

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Strs Ohio grew its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 12.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 469,664 shares of the real estate investment trust’s stock after purchasing an additional 52,627 shares during the quarter. Strs Ohio owned about 0.44% of Alexandria Real Estate Equities worth $59,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ARE. BlackRock Inc. grew its stake in Alexandria Real Estate Equities by 3.0% in the 2nd quarter. BlackRock Inc. now owns 10,947,075 shares of the real estate investment trust’s stock valued at $1,381,196,000 after buying an additional 323,298 shares during the last quarter. Principal Financial Group Inc. grew its stake in Alexandria Real Estate Equities by 15.5% in the 1st quarter. Principal Financial Group Inc. now owns 4,046,501 shares of the real estate investment trust’s stock valued at $505,368,000 after buying an additional 543,870 shares during the last quarter. PGGM Investments grew its stake in Alexandria Real Estate Equities by 10.4% in the 3rd quarter. PGGM Investments now owns 2,983,616 shares of the real estate investment trust’s stock valued at $375,309,000 after buying an additional 280,616 shares during the last quarter. Centersquare Investment Management LLC grew its stake in Alexandria Real Estate Equities by 11.0% in the 2nd quarter. Centersquare Investment Management LLC now owns 1,725,039 shares of the real estate investment trust’s stock valued at $217,648,000 after buying an additional 171,115 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Alexandria Real Estate Equities by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,503,896 shares of the real estate investment trust’s stock valued at $189,748,000 after buying an additional 42,687 shares during the last quarter.

NYSE ARE opened at $122.42 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 3.01 and a beta of 0.70. Alexandria Real Estate Equities Inc has a 52-week low of $114.00 and a 52-week high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.64. The company had revenue of $325.00 million for the quarter, compared to analyst estimates of $331.27 million. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. Research analysts forecast that Alexandria Real Estate Equities Inc will post 6.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.93 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $3.72 annualized dividend and a yield of 3.04%. Alexandria Real Estate Equities’s dividend payout ratio is 61.79%.

A number of research analysts recently issued reports on the stock. Evercore ISI set a $148.00 target price on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a research note on Monday, October 15th. Barclays raised their target price on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Finally, Citigroup raised their target price on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $112.84.

In other Alexandria Real Estate Equities news, COO Lawrence J. Diamond sold 250 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $126.99, for a total value of $31,747.50. Following the sale, the chief operating officer now directly owns 60,217 shares in the company, valued at approximately $7,646,956.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas J. Andrews sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $127.70, for a total transaction of $1,277,000.00. Following the completion of the sale, the insider now owns 176,916 shares in the company, valued at $22,592,173.20. The disclosure for this sale can be found here. Insiders sold a total of 76,250 shares of company stock worth $9,731,103 over the last 90 days. Company insiders own 1.41% of the company’s stock.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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