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

Westwood Holdings Group Inc. trimmed its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 26.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 491,781 shares of the real estate investment trust’s stock after selling 180,863 shares during the period. Westwood Holdings Group Inc. owned about 0.43% of Alexandria Real Estate Equities worth $69,387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ raised its position in shares of Alexandria Real Estate Equities by 15.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 6,062 shares of the real estate investment trust’s stock valued at $855,000 after purchasing an additional 800 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Alexandria Real Estate Equities by 8.3% in the 1st quarter. TD Asset Management Inc. now owns 33,672 shares of the real estate investment trust’s stock valued at $4,800,000 after purchasing an additional 2,588 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Alexandria Real Estate Equities by 6.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 9,656 shares of the real estate investment trust’s stock valued at $1,297,000 after purchasing an additional 589 shares in the last quarter. First Trust Advisors LP raised its position in shares of Alexandria Real Estate Equities by 249.9% in the 1st quarter. First Trust Advisors LP now owns 72,697 shares of the real estate investment trust’s stock valued at $10,364,000 after purchasing an additional 51,918 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Alexandria Real Estate Equities by 3.2% in the 1st quarter. California State Teachers Retirement System now owns 181,748 shares of the real estate investment trust’s stock valued at $25,910,000 after purchasing an additional 5,572 shares in the last quarter.

A number of equities analysts have issued reports on the company. Citigroup upped their target price on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. ValuEngine downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price target on Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a report on Tuesday, August 13th. Robert W. Baird set a $152.00 price target on Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Wednesday, August 21st. Finally, GMP Securities reiterated an “average” rating and issued a $26.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $115.36.



Shares of NYSE ARE traded up $0.15 during trading on Friday, reaching $154.19. The stock had a trading volume of 455,571 shares, compared to its average volume of 514,391. The stock has a market cap of $17.45 billion, a PE ratio of 23.36, a P/E/G ratio of 4.62 and a beta of 0.74. The firm’s 50 day moving average price is $148.50 and its two-hundred day moving average price is $144.82. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities Inc has a one year low of $109.04 and a one year high of $154.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($1.04). The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. Alexandria Real Estate Equities’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. On average, research analysts expect that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a yield of 2.6%. Alexandria Real Estate Equities’s payout ratio is currently 60.61%.

In related news, Chairman Joel S. Marcus sold 9,750 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $152.75, for a total transaction of $1,489,312.50. Following the completion of the transaction, the chairman now directly owns 445,962 shares in the company, valued at approximately $68,120,695.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Peter M. Moglia sold 4,500 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $143.59, for a total value of $646,155.00. Following the transaction, the chief executive officer now owns 169,975 shares of the company’s stock, valued at $24,406,710.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,183 shares of company stock valued at $13,344,360. 1.43% of the stock is owned by company insiders.

Alexandria Real Estate Equities Company 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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