62,802 Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1,088.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,572 shares of the real estate investment trust’s stock after acquiring an additional 62,802 shares during the period. Fulcrum Asset Management LLP’s holdings in Alexandria Real Estate Equities were worth $3,254,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ARE. Handelsbanken Fonder AB lifted its holdings in Alexandria Real Estate Equities by 58.6% in the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock worth $3,620,000 after buying an additional 25,300 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $1,155,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $2,047,000. Hsbc Holdings PLC grew its position in shares of Alexandria Real Estate Equities by 15.2% in the 2nd quarter. Hsbc Holdings PLC now owns 1,208,572 shares of the real estate investment trust’s stock worth $64,485,000 after buying an additional 159,552 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $2,392,000. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Alexandria Real Estate Equities news, Chairman Joel Marcus purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average cost of $49.68 per share, for a total transaction of $248,400.00. Following the purchase, the chairman directly owned 597,724 shares in the company, valued at $29,694,928.32. The trade was a 0.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $50.51, for a total transaction of $849,073.10. Following the transaction, the executive vice president directly owned 39,152 shares of the company’s stock, valued at approximately $1,977,567.52. This trade represents a 30.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ARE shares. Raymond James Financial set a $41.00 target price on Alexandria Real Estate Equities in a report on Monday, October 12th. Jefferies Financial Group dropped their price target on Alexandria Real Estate Equities from $47.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. Evercore reiterated an “outperform” rating and issued a $59.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, September 21st. Citigroup decreased their price objective on shares of Alexandria Real Estate Equities from $50.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, October 30th. Finally, Royal Bank Of Canada dropped their target price on shares of Alexandria Real Estate Equities from $51.00 to $47.00 and set a “sector perform” rating for the company in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $49.79.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $45.86 on Tuesday. The stock’s 50 day simple moving average is $47.09 and its two-hundred day simple moving average is $49.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.14 and a current ratio of 0.14. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 6.42 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $38.34 and a fifty-two week high of $59.76.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($3.71). The firm had revenue of $671.18 million during the quarter, compared to the consensus estimate of $646.26 million. Alexandria Real Estate Equities had a negative return on equity of 7.52% and a negative net margin of 51.81%. The firm’s revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.22 EPS. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 6.39 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.88 annualized dividend and a yield of 6.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -34.20%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment trust specializing in life science, technology and other knowledge-based industries. Founded in 1994, the company develops, owns and operates collaborative campuses that bring together companies, researchers and institutions.

Its properties include laboratory, office and manufacturing space, as well as related facilities and amenities designed to support research and innovation. Alexandria also makes strategic investments in companies in the life science and technology sectors through its venture investment platform.

The company serves major U.S.