Whittier Trust Co. raised its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,238 shares of the real estate investment trust’s stock after buying an additional 922 shares during the quarter. Whittier Trust Co.’s holdings in Alexandria Real Estate Equities were worth $1,756,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. We Are One Seven LLC acquired a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth $59,000. SRS Capital Advisors Inc. boosted its holdings in Alexandria Real Estate Equities by 53.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 239 shares during the last quarter. Loeb Partners Corp acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at $115,000. ETF Managers Group LLC boosted its holdings in Alexandria Real Estate Equities by 18.6% in the fourth quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock valued at $123,000 after acquiring an additional 168 shares during the last quarter. Finally, Exane Derivatives boosted its holdings in Alexandria Real Estate Equities by 2,442.2% in the fourth quarter. Exane Derivatives now owns 1,627 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,563 shares during the last quarter. Hedge funds and other institutional investors own 97.51% of the company’s stock.
In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $124.63, for a total value of $1,246,300.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The shares were sold at an average price of $125.09, for a total value of $938,175.00. The disclosure for this sale can be found here. Insiders sold 72,500 shares of company stock worth $9,422,575 over the last three months. 1.41% of the stock is currently owned by corporate insiders.
A number of research analysts recently weighed in on ARE shares. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a report on Monday, December 3rd. CIBC reiterated a “buy” rating and issued a $23.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, January 15th. Royal Bank of Canada upgraded Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a report on Friday, December 14th. Citigroup upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and lifted their target price for the company from $133.00 to $144.00 in a report on Monday, December 3rd. Finally, ValuEngine cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $105.14.
NYSE:ARE traded down $0.89 during mid-day trading on Wednesday, hitting $134.80. The company had a trading volume of 2,006 shares, compared to its average volume of 671,803. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.29 and a quick ratio of 0.29. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $136.19. The firm has a market capitalization of $15.20 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 4.42 and a beta of 0.91.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) EPS for the quarter, missing the consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. The company had revenue of $340.50 million during the quarter, compared to analysts’ expectations of $348.01 million. During the same period last year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts anticipate that Alexandria Real Estate Equities Inc will post 6.95 EPS for the current year.
About Alexandria Real Estate Equities
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 $19.1 billion and an asset base in North America of 32.2 million square feet (SF) as of September 30, 2018.