Alexandria Real Estate Equities Inc (NYSE:ARE) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. cut its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 6.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,942 shares of the real estate investment trust’s stock after selling 210 shares during the period. New England Research & Management Inc.’s holdings in Alexandria Real Estate Equities were worth $453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $30,000. CSat Investment Advisory L.P. lifted its holdings in Alexandria Real Estate Equities by 65.9% in the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 89 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in Alexandria Real Estate Equities by 883.3% in the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 265 shares during the last quarter. Signaturefd LLC lifted its holdings in Alexandria Real Estate Equities by 19.2% in the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 87 shares during the last quarter. Finally, SRS Capital Advisors Inc. acquired a new position in Alexandria Real Estate Equities in the second quarter valued at approximately $95,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

A number of research analysts recently commented on the company. Citigroup upped their price objective on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. TD Securities decreased their price target on Alexandria Real Estate Equities from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Barclays set a $153.00 price target on Alexandria Real Estate Equities and gave the stock a “hold” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. upped their price target on 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. Finally, GMP Securities restated an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $105.73.

NYSE:ARE traded up $0.03 during trading hours on Friday, reaching $153.91. 571,263 shares of the stock were exchanged, compared to its average volume of 717,806. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average of $155.22 and a two-hundred day moving average of $148.38. Alexandria Real Estate Equities Inc has a twelve month low of $109.04 and a twelve month high of $160.25. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 4.33 and a beta of 0.71.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $1.75 by ($2.19). Alexandria Real Estate Equities had a return on equity of 1.63% and a net margin of 9.29%. The firm had revenue of $390.50 million for the quarter, compared to analyst estimates of $389.99 million. During the same quarter last year, the company earned $1.66 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. On average, research analysts forecast that Alexandria Real Estate Equities Inc will post 6.97 EPS for the current fiscal year.

The company also recently declared a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.00 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 60.61%.

In other news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.49, for a total value of $1,158,675.00. Following the sale, the chairman now directly owns 438,462 shares in the company, valued at $67,737,994.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus sold 9,750 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $152.75, for a total value of $1,489,312.50. Following the completion of the sale, the chairman now owns 445,962 shares in the company, valued at $68,120,695.50. The disclosure for this sale can be found here. Insiders have sold 29,183 shares of company stock worth $4,409,057 over the last 90 days. 1.43% of the stock is 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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