Alexandria Real Estate Equities Inc (ARE) Stake Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 7.5% during the third quarter, HoldingsChannel.com reports. The firm owned 346,126 shares of the real estate investment trust’s stock after selling 27,893 shares during the period. Russell Investments Group Ltd.’s holdings in Alexandria Real Estate Equities were worth $43,133,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of ARE. Principal Financial Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 15.5% in the first 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. BlackRock Inc. increased its stake in shares of Alexandria Real Estate Equities by 3.0% in the second 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. Schroder Investment Management Group increased its stake in shares of Alexandria Real Estate Equities by 38.7% in the second quarter. Schroder Investment Management Group now owns 1,151,862 shares of the real estate investment trust’s stock worth $100,288,000 after purchasing an additional 321,596 shares during the period. PGGM Investments increased its stake in shares of Alexandria Real Estate Equities by 10.4% in the third quarter. PGGM Investments now owns 2,983,616 shares of the real estate investment trust’s stock worth $375,309,000 after purchasing an additional 280,616 shares during the period. Finally, Rothschild Asset Management Inc. bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $29,531,000.

Shares of ARE opened at $123.95 on Wednesday. Alexandria Real Estate Equities Inc has a 12-month low of $114.00 and a 12-month high of $134.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a market cap of $12.81 billion, a P/E ratio of 20.59, a PEG ratio of 3.04 and a beta of 0.70.



Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $1.50. The firm had revenue of $341.80 million for the quarter, compared to analyst estimates of $343.42 million. Alexandria Real Estate Equities had a return on equity of 6.66% and a net margin of 34.48%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 earnings per share. Analysts anticipate that Alexandria Real Estate Equities Inc will post 6.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, September 27th. Alexandria Real Estate Equities’s payout ratio is 61.79%.

A number of equities analysts have recently commented on ARE shares. Citigroup lifted their price objective on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Barclays boosted their price target 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. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Monday. Finally, Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the company a “buy” rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $123.26.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 29,500 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 $126.87, for a total transaction of $3,742,665.00. Following the sale, the insider now directly owns 582,255 shares of the company’s stock, valued at $73,870,691.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dean A. Shigenaga sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $129.59, for a total value of $1,166,310.00. Following the sale, the insider now directly owns 148,645 shares in the company, valued at $19,262,905.55. The disclosure for this sale can be found here. Insiders have sold 76,250 shares of company stock worth $9,731,103 over the last ninety days. Company insiders own 1.41% of the company’s stock.

Alexandria Real Estate Equities Company 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.

Recommended Story: Asset Allocation Models, Which is Right For You?

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply