Zurcher Kantonalbank Zurich Cantonalbank Has $5.39 Million Stake in Alexandria Real Estate Equities Inc (ARE)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,239 shares of the real estate investment trust’s stock after purchasing an additional 503 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Alexandria Real Estate Equities were worth $5,385,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ARE. Parametric Portfolio Associates LLC boosted its holdings in shares of Alexandria Real Estate Equities by 4.0% during the second quarter. Parametric Portfolio Associates LLC now owns 98,047 shares of the real estate investment trust’s stock worth $11,812,000 after purchasing an additional 3,783 shares during the period. Stifel Financial Corp boosted its holdings in shares of Alexandria Real Estate Equities by 84.6% during the second quarter. Stifel Financial Corp now owns 6,715 shares of the real estate investment trust’s stock worth $807,000 after purchasing an additional 3,078 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 227.3% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the real estate investment trust’s stock worth $486,000 after purchasing an additional 2,800 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Alexandria Real Estate Equities by 724.8% during the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after purchasing an additional 838,568 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its holdings in shares of Alexandria Real Estate Equities by 7.9% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 58,418 shares of the real estate investment trust’s stock worth $7,037,000 after purchasing an additional 4,272 shares during the period. Institutional investors own 96.48% of the company’s stock.

In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 1,750 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $130.00, for a total value of $227,500.00. Following the completion of the sale, the insider now directly owns 115,117 shares in the company, valued at $14,965,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dean A. Shigenaga sold 29,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $125.21, for a total transaction of $3,631,090.00. Following the completion of the sale, the chief financial officer now owns 147,864 shares of the company’s stock, valued at $18,514,051.44. The disclosure for this sale can be found here. Insiders sold 116,250 shares of company stock valued at $14,752,120 over the last 90 days. 1.51% of the stock is currently owned by company insiders.

A number of analysts have recently weighed in on ARE shares. Canaccord Genuity reiterated a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Royal Bank of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Finally, National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and a consensus target price of $101.48.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $118.54 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Alexandria Real Estate Equities Inc has a 1-year low of $106.89 and a 1-year high of $134.37. The company has a market cap of $12,136.52, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.71 and a beta of 0.79.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($1.16). Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The company had revenue of $298.79 million during the quarter, compared to analysts’ expectations of $293.63 million. During the same quarter last year, the business earned $1.42 earnings per share. The business’s quarterly revenue was up 19.9% on a year-over-year basis. equities analysts anticipate that Alexandria Real Estate Equities Inc will post 6.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a $0.90 dividend. The ex-dividend date was Thursday, December 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 annualized dividend and a yield of 3.04%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 229.30%.

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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.

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

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