Daiwa Securities Group Inc. Has $3.04 Million Stake in Alexandria Real Estate Equities Inc (ARE)

Daiwa Securities Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 5.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 24,178 shares of the real estate investment trust’s stock after acquiring an additional 1,200 shares during the period. Daiwa Securities Group Inc.’s holdings in Alexandria Real Estate Equities were worth $3,041,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Advisors Preferred LLC lifted its holdings in shares of Alexandria Real Estate Equities by 142.3% during the 2nd quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 505 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $164,000. NumerixS Investment Technologies Inc bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $177,000. Advisor Partners LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $205,000. Finally, Private Advisor Group LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $206,000.

Shares of Alexandria Real Estate Equities stock opened at $125.11 on Friday. The stock has a market cap of $13.25 billion, a P/E ratio of 19.11, a PEG ratio of 2.93 and a beta of 0.69. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.78. Alexandria Real Estate Equities Inc 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 earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $1.50. The business had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter last year, the company posted $1.51 EPS. As a group, equities research analysts forecast that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Thursday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 61.79%.

A number of equities analysts have recently commented on ARE shares. Barclays raised their price objective on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, July 17th. Citigroup increased their target price on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Evercore ISI set a $148.00 target price on shares of Alexandria Real Estate Equities and gave the stock a “buy” rating in a research report on Monday, October 15th. Finally, Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Monday, October 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $121.17.

In other Alexandria Real Estate Equities 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 value of $1,277,000.00. Following the completion of the sale, the insider now owns 176,916 shares in the company, valued at approximately $22,592,173.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maria C. Freire sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $128.67, for a total transaction of $386,010.00. Following the completion of the sale, the director now owns 3,344 shares of the company’s stock, valued at approximately $430,272.48. The disclosure for this sale can be found here. Insiders have sold a total of 54,450 shares of company stock valued at $6,905,994 in the last quarter. 1.41% of the stock is currently owned by corporate insiders.

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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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