Alexandria Real Estate Equities Inc (NYSE:ARE) is Peregrine Asset Advisers Inc.’s 9th Largest Position

Peregrine Asset Advisers Inc. lifted its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 106.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,843 shares of the real estate investment trust’s stock after purchasing an additional 17,956 shares during the quarter. Alexandria Real Estate Equities comprises about 2.6% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 9th largest holding. Peregrine Asset Advisers Inc.’s holdings in Alexandria Real Estate Equities were worth $4,916,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in ARE. Principal Financial Group Inc. increased its holdings in Alexandria Real Estate Equities by 7.5% in the 1st quarter. Principal Financial Group Inc. now owns 5,093,085 shares of the real estate investment trust’s stock worth $726,070,000 after buying an additional 356,441 shares during the period. Geode Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock worth $194,957,000 after purchasing an additional 168,461 shares during the period. Resolution Capital Ltd grew its stake in shares of Alexandria Real Estate Equities by 9.8% during the 2nd quarter. Resolution Capital Ltd now owns 1,665,066 shares of the real estate investment trust’s stock worth $234,924,000 after purchasing an additional 148,349 shares during the period. Duff & Phelps Investment Management Co. grew its stake in shares of Alexandria Real Estate Equities by 21.8% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 730,942 shares of the real estate investment trust’s stock worth $103,129,000 after purchasing an additional 131,050 shares during the period. Finally, Northern Trust Corp grew its stake in shares of Alexandria Real Estate Equities by 5.4% during the 1st quarter. Northern Trust Corp now owns 1,862,697 shares of the real estate investment trust’s stock worth $265,546,000 after purchasing an additional 95,716 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:ARE traded down $2.58 during midday trading on Friday, reaching $146.83. 346,648 shares of the company’s stock traded hands, compared to its average volume of 695,970. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $153.51. The company has a market cap of $16.85 billion, a P/E ratio of 22.25, a PEG ratio of 4.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21. The company has a fifty day simple moving average of $145.13 and a two-hundred day simple moving average of $142.66.



Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The business had revenue of $373.90 million for the quarter, compared to analysts’ expectations of $366.81 million. During the same quarter last year, the business earned $1.64 EPS. The company’s quarterly revenue was up 15.0% on a year-over-year basis. As a group, research analysts forecast that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current fiscal year.

A number of equities research analysts have recently commented on ARE shares. JPMorgan Chase & Co. raised their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Citigroup raised their price objective on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, DA Davidson raised their price objective on shares of Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $115.36.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 20,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $145.10, for a total value of $2,902,000.00. Following the transaction, the insider now owns 495,712 shares in the company, valued at approximately $71,927,811.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Peter M. Moglia sold 4,500 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $143.59, for a total value of $646,155.00. Following the completion of the transaction, the chief executive officer now owns 169,975 shares in the company, valued at approximately $24,406,710.25. The disclosure for this sale can be found here. Insiders sold a total of 75,500 shares of company stock worth $10,957,978 in the last 90 days. 1.43% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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