Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 19.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 811,880 shares of the real estate investment trust’s stock after buying an additional 129,846 shares during the period. Wellington Management Group LLP’s holdings in Alexandria Real Estate Equities were worth $89,729,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in ARE. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 41 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at approximately $166,000. Victory Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $179,000. Finally, Pacer Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 9.5% in the first quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock valued at $208,000 after buying an additional 164 shares during the period.

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

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.11% during midday trading on Tuesday, reaching $118.48. The company had a trading volume of 167,056 shares. Alexandria Real Estate Equities, Inc. has a 52 week low of $96.63 and a 52 week high of $120.96. The firm’s market capitalization is $10.79 billion. The stock has a 50-day moving average of $116.22 and a 200 day moving average of $113.23.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The company had revenue of $270.90 million for the quarter, compared to analysts’ expectations of $261.67 million. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.62 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.86 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, June 28th. Alexandria Real Estate Equities’s payout ratio is presently -198.80%.

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ARE has been the subject of several analyst reports. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Friday, March 10th. Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 target price for the company in a report on Tuesday, March 21st. Mizuho restated a “buy” rating and set a $125.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, March 20th. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Finally, Barclays PLC increased their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $118.88.

In other news, Director James P. Cain sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The stock was sold at an average price of $109.54, for a total transaction of $27,385.00. Following the transaction, the director now owns 3,128 shares of the company’s stock, valued at $342,641.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joel S. Marcus sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $110.37, for a total value of $1,048,515.00. Following the transaction, the chief executive officer now directly owns 707,619 shares in the company, valued at approximately $78,099,909.03. The disclosure for this sale can be found here. Insiders have sold 72,424 shares of company stock worth $8,125,229 over the last three months. 1.51% of the stock is currently owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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