Alexandria Real Estate Equities buys LIC building for $75M

Zurich Insurance Group Ltd FI trimmed its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 27.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,760 shares of the real estate investment trust’s stock after selling 12,603 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Alexandria Real Estate Equities were worth $4,133,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of 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 worth $1,381,196,000 after purchasing an additional 323,298 shares during the period. Principal Financial Group Inc. raised its holdings in shares of 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 worth $505,368,000 after purchasing an additional 543,870 shares during the period. PGGM Investments raised its holdings in shares of Alexandria Real Estate Equities by 8.6% in the 2nd quarter. PGGM Investments now owns 2,703,000 shares of the real estate investment trust’s stock worth $341,038,000 after purchasing an additional 215,000 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Alexandria Real Estate Equities by 11.0% in the second 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Alexandria Real Estate Equities by 2.9% in the second 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 in the last quarter. Institutional investors own 98.98% of the company’s stock.

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A number of research firms have recently issued reports on ARE. Barclays increased their target price on 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. Citigroup increased their target price on 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $108.93.

Shares of ARE stock traded down $1.25 during trading hours on Wednesday, reaching $124.71. The company had a trading volume of 724,700 shares, compared to its average volume of 654,375. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.39 and a current ratio of 0.39. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37. The firm has a market cap of $13.30 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.71.

The companys earnings per share shows growth of 179.50% for the current year and expected to arrive earnings growth for the next year at -19.25% . Analyst projected EPS growth for the next 5 years at0.10%. The company’s EPS growth rate for past five years was 10.80%. The earnings growth rate for the next years is an important measure for investors planning to hold onto a stock for several years. The company’s earnings will usually have a direct relationship to the price of the company’s stock. The stock observed Sales growth of 14.40% during past 5 years. EPS growth quarter over quarter stands at 46.00% and Sales growth quarter over quarter is at 19.00%.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.64. Alexandria Real Estate Equities had a return on equity of 4.36% and a net margin of 22.86%. The firm had revenue of $325.00 million during the quarter, compared to analyst estimates of $331.27 million. During the same quarter last year, the firm earned $1.50 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 19.0% on a year-over-year basis. On average, equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.61 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.93 per share. The ex-dividend date is Thursday, September 27th. This represents a $3.72 dividend on an annualized basis and a yield of 2.98%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 61.79%.

As took short look on profitability, the firm profit margin which was recorded 22.20%, and operating margin was noted at 27.20%. The company maintained a Gross Margin of 71.10%. The Insiders ownership is 1.50%. Company has kept return on investment (ROI) at 2.90% over the previous 12 months and has been able to maintain return on asset (ROA) at 2.20% for the last twelve months. Return on equity (ROE) recorded at 4.60%.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 29,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $126.87, for a total transaction of $3,742,665.00. Following the completion of the sale, the insider now owns 582,255 shares in the company, valued at approximately $73,870,691.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Lawrence J. Diamond sold 250 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $126.99, for a total value of $31,747.50. Following the completion of the transaction, the chief operating officer now owns 60,217 shares of the company’s stock, valued at approximately $7,646,956.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,250 shares of company stock valued at $9,731,103. 1.41% of the stock is owned by insiders.

Alexandria Real Estate Equities (ARE) exposed a change of 0.49% pushing the price on the $125.96 per share in recent trading session ended on Tuesday. The latest trading activity showed that the stock price is 10.49% off from its 52-week low and traded with move of -6.26% from high printed in the last 52-week period. The Company kept 104.3M Floating Shares and holds 105.57M shares outstanding.

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.

Stock volume is the number of shares traded during a given time period. Volume represents the interest level in a stock. If a stock is trading on low volume, then there is not much interest in the stock. But, on the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock. Volume simply tells us the emotional excitement (or lack thereof) in a stock.

Alexandria Real Estate Equities Inc (NYSE:ARE) declared a quarterly dividend on Wednesday, September 5th, Wall Street Journal reports. Investors of record on Friday, September 28th will be paid a dividend of 0.93 per share by the real estate investment trust on Monday, October 15th. This represents a $3.72 annualized dividend and a yield of 2.98%. The ex-dividend date is Thursday, September 27th.

Alexandria Real Estate Equities has increased its dividend payment by an average of 6.2% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. Alexandria Real Estate Equities has a dividend payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Alexandria Real Estate Equities to earn $6.93 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 53.7%.

Shares of ARE opened at $124.71 on Thursday. The firm has a market cap of $13.30 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.71. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.81. Alexandria Real Estate Equities has a 12 month low of $114.00 and a 12 month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.64 EPS for the quarter, meeting analysts’ consensus estimates of $1.64. The firm had revenue of $325.00 million during the quarter, compared to analysts’ expectations of $331.27 million. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The company’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 earnings per share. As a group, equities research analysts predict that Alexandria Real Estate Equities will post 6.61 EPS for the current year.

A number of brokerages have commented on ARE. Barclays increased their price target 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. Citigroup increased their price target 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus price target of $108.93.

In related news, insider Thomas J. Andrews sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $127.70, for a total transaction of $1,277,000.00. Following the transaction, the insider now directly owns 176,916 shares of the company’s stock, valued at $22,592,173.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel J. Ryan sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $127.66, for a total transaction of $893,620.00. Following the transaction, the insider now directly owns 132,781 shares in the company, valued at $16,950,822.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 76,250 shares of company stock valued at $9,731,103. 1.41% of the stock is currently owned by corporate insiders.

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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