Mackay Shields LLC lessened its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,666 shares of the real estate investment trust’s stock after selling 468 shares during the quarter. Mackay Shields LLC’s holdings in Alexandria Real Estate Equities were worth $2,102,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ARE. Green Street Investors LLC grew its stake in Alexandria Real Estate Equities by 18.7% in the 2nd quarter. Green Street Investors LLC now owns 95,866 shares of the real estate investment trust’s stock valued at $12,095,000 after acquiring an additional 15,100 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Alexandria Real Estate Equities by 1.9% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 80,028 shares of the real estate investment trust’s stock valued at $10,098,000 after acquiring an additional 1,466 shares during the period. Sei Investments Co. grew its stake in Alexandria Real Estate Equities by 561.9% in the 2nd quarter. Sei Investments Co. now owns 84,364 shares of the real estate investment trust’s stock valued at $10,644,000 after acquiring an additional 71,618 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at $1,360,000. Finally, Virginia Retirement Systems ET AL grew its stake in Alexandria Real Estate Equities by 47.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 261,900 shares of the real estate investment trust’s stock valued at $33,044,000 after acquiring an additional 83,800 shares during the period. Institutional investors own 98.98% of the company’s stock.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $126.66, for a total value of $949,950.00. Following the transaction, the chief executive officer now owns 152,392 shares in the company, valued at approximately $19,301,970.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joel S. Marcus sold 29,500 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $126.87, for a total value of $3,742,665.00. Following the completion of the transaction, the insider now owns 582,255 shares in the company, valued at approximately $73,870,691.85. The disclosure for this sale can be found here. Insiders sold a total of 59,250 shares of company stock worth $7,560,483 in the last 90 days. 1.41% of the stock is currently owned by insiders.

Shares of ARE stock opened at $126.63 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 3.02 and a beta of 0.79. Alexandria Real Estate Equities Inc has a fifty-two week low of $114.00 and a fifty-two week high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.64. The company had revenue of $325.00 million for the quarter, compared to analyst estimates of $331.27 million. Alexandria Real Estate Equities had a return on equity of 4.36% and a net margin of 22.86%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 EPS. sell-side analysts expect that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current year.

ARE has been the topic of a number of research analyst reports. Barclays lifted their price target on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, July 17th. Citigroup lifted their price target on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. JPMorgan Chase & Co. lifted their price target on shares of Alexandria Real Estate Equities from $130.00 to $131.00 and gave the company an “overweight” rating in a research note on Tuesday, May 22nd. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research note on Monday, April 30th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $108.93.

Alexandria Real Estate Equities Profile

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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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