Cetera Investment Advisers Invests $759,000 in Alexandria Real Estate Equities, Inc. (ARE)

Cetera Investment Advisers acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,264 shares of the real estate investment trust’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 790 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 220 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $125,000. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $133,000. Finally, First Personal Financial Services increased its holdings in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.05% during mid-day trading on Tuesday, hitting $123.44. 66,294 shares of the company were exchanged. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.73 and a 12-month high of $124.37. The firm has a market capitalization of $11.56 billion, a P/E ratio of 278.65 and a beta of 0.87. The company’s 50-day moving average price is $120.05 and its 200-day moving average price is $118.34.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue was up 20.8% on a year-over-year basis. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the transaction, the chief operating officer now directly owns 136,972 shares in the company, valued at approximately $16,513,344.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,893 shares of company stock valued at $8,645,989. Corporate insiders own 1.51% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Tuesday, July 18th. Finally, Barclays PLC raised their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $128.25.

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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Perigon Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 790 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 220 shares in the last quarter. Capital Analysts LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at approximately $125,000. Invictus RG acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at approximately $133,000. Finally, First Personal Financial Services increased its holdings in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares in the last quarter.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.05% during mid-day trading on Tuesday, hitting $123.44. 66,294 shares of the company were exchanged. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.73 and a 12-month high of $124.37. The firm has a market capitalization of $11.56 billion, a P/E ratio of 278.65 and a beta of 0.87. The company’s 50-day moving average price is $120.05 and its 200-day moving average price is $118.34.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period in the prior year, the company posted $1.36 EPS. The company’s revenue was up 20.8% on a year-over-year basis. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.79%. The ex-dividend date of this dividend was Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the transaction, the chief operating officer now directly owns 136,972 shares in the company, valued at approximately $16,513,344.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,893 shares of company stock valued at $8,645,989. Corporate insiders own 1.51% of the company’s stock.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Tuesday, July 18th. Finally, Barclays PLC raised their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $128.25.

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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.

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

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