Pacer Advisors Inc. Acquires 1,964 Shares of Alexandria Real Estate Equities Inc (NYSE:ARE)

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Pacer Advisors Inc. boosted its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 19.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,174 shares of the real estate investment trust’s stock after buying an additional 1,964 shares during the quarter. Pacer Advisors Inc.’s holdings in Alexandria Real Estate Equities were worth $1,875,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Alexandria Real Estate Equities by 2.3% during the second quarter. Vanguard Group Inc. now owns 18,278,737 shares of the real estate investment trust’s stock valued at $2,578,947,000 after purchasing an additional 414,930 shares in the last quarter. Northern Trust Corp lifted its holdings in Alexandria Real Estate Equities by 4.4% during the second quarter. Northern Trust Corp now owns 1,943,866 shares of the real estate investment trust’s stock valued at $274,261,000 after purchasing an additional 81,169 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Alexandria Real Estate Equities by 179.1% during the second quarter. Nuveen Asset Management LLC now owns 1,711,959 shares of the real estate investment trust’s stock valued at $241,541,000 after purchasing an additional 1,098,573 shares in the last quarter. Resolution Capital Ltd lifted its holdings in Alexandria Real Estate Equities by 9.8% during the second 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Alexandria Real Estate Equities by 2.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,583,536 shares of the real estate investment trust’s stock valued at $223,421,000 after purchasing an additional 38,475 shares in the last quarter. Institutional investors own 98.68% of the company’s stock.

In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.49, for a total value of $1,158,675.00. Following the transaction, the chairman now owns 438,462 shares of the company’s stock, valued at $67,737,994.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joel S. Marcus sold 20,000 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $145.10, for a total transaction of $2,902,000.00. Following the completion of the transaction, the insider now directly owns 495,712 shares in the company, valued at approximately $71,927,811.20. The disclosure for this sale can be found here. Insiders sold 96,233 shares of company stock worth $14,160,256 in the last three months. Insiders own 1.43% of the company’s stock.

ARE stock opened at $153.28 on Wednesday. Alexandria Real Estate Equities Inc has a one year low of $109.04 and a one year high of $155.99. The company’s fifty day moving average price is $152.52 and its 200-day moving average price is $146.65. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $17.46 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 4.63 and a beta of 0.73.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. The company had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $366.81 million. During the same period last year, the firm posted $1.64 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, research analysts predict that Alexandria Real Estate Equities Inc will post 6.97 EPS for the current fiscal year.

The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.00 dividend. This represents a dividend yield of 2.6%. The ex-dividend date was Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 60.61%.

Several equities analysts have weighed in on ARE shares. ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. GMP Securities reaffirmed an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. DA Davidson lifted their price target on shares of Alexandria Real Estate Equities to $166.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their price target on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Finally, Citigroup lifted their price target on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $113.80.

Alexandria Real Estate Equities Profile

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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