Alexandria Real Estate Equities, Inc. (ARE) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. cut its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,353,367 shares of the real estate investment trust’s stock after selling 57,989 shares during the period. Alexandria Real Estate Equities makes up about 1.3% of Westwood Holdings Group Inc.’s portfolio, making the stock its 17th biggest holding. Westwood Holdings Group Inc. owned about 1.45% of Alexandria Real Estate Equities worth $163,033,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ARE. Perigon Wealth Management LLC boosted its stake in Alexandria Real Estate Equities by 395.0% during the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the last quarter. Muzinich & Co. Inc. boosted its stake in Alexandria Real Estate Equities by 30.4% during the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Capital Analysts LLC bought a new position in Alexandria Real Estate Equities during the second quarter valued at approximately $125,000. Invictus RG bought a new position in Alexandria Real Estate Equities during the first quarter valued at approximately $133,000. Finally, First Personal Financial Services boosted its stake in Alexandria Real Estate Equities by 7.9% during 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 buying an additional 81 shares during the last quarter.

In other news, CEO Joel S. Marcus sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the completion of the sale, the chief executive officer now directly owns 664,436 shares in the company, valued at $79,061,239.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the sale, the executive vice president now owns 153,000 shares of the company’s stock, valued at $18,422,730. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,893 shares of company stock valued at $8,645,989. 1.51% of the stock is owned by company insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up 0.41% during trading on Wednesday, reaching $122.31. The company had a trading volume of 96,277 shares. The company has a market capitalization of $11.45 billion, a PE ratio of 277.98 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The stock’s 50-day moving average price is $119.85 and its 200-day moving average price is $118.06.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same period in the previous year, the business earned $1.36 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.82%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

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A number of equities analysts recently commented on ARE shares. Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Barclays PLC increased their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. One research 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’s stock. Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $128.25.

About Alexandria Real Estate Equities

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.

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

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