US Bancorp DE cut its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.5% during the 1st quarter, HoldingsChannel reports. The fund owned 13,726 shares of the real estate investment trust’s stock after selling 209 shares during the quarter. US Bancorp DE’s holdings in Alexandria Real Estate Equities were worth $1,957,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Ironsides Asset Advisors LLC purchased a new position in Alexandria Real Estate Equities during the 1st quarter valued at $352,000. New York State Common Retirement Fund boosted its stake in Alexandria Real Estate Equities by 3.8% in the 1st quarter. New York State Common Retirement Fund now owns 210,500 shares of the real estate investment trust’s stock worth $30,009,000 after purchasing an additional 7,750 shares in the last quarter. TD Asset Management Inc. boosted its stake in 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 worth $4,800,000 after purchasing an additional 2,588 shares in the last quarter. Forsta AP Fonden boosted its stake in Alexandria Real Estate Equities by 3.2% in the 1st quarter. Forsta AP Fonden now owns 16,000 shares of the real estate investment trust’s stock worth $2,281,000 after purchasing an additional 500 shares in the last quarter. Finally, ETF Managers Group LLC boosted its stake in Alexandria Real Estate Equities by 8.9% in the 1st quarter. ETF Managers Group LLC now owns 1,164 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 95 shares in the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria bought 975,000 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was acquired at an average price of $10.00 per share, with a total value of $9,750,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Joel S. Marcus sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $142.03, for a total value of $2,130,450.00. Following the completion of the transaction, the insider now directly owns 509,212 shares of the company’s stock, valued at approximately $72,323,380.36. The disclosure for this sale can be found here. In the last three months, insiders sold 60,551 shares of company stock valued at $8,588,235. 1.43% of the stock is owned by insiders.

NYSE:ARE traded up $0.03 during mid-day trading on Monday, reaching $146.44. The company’s stock had a trading volume of 2,988 shares, compared to its average volume of 803,423. Alexandria Real Estate Equities Inc has a 12-month low of $109.04 and a 12-month high of $147.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 4.87 and a beta of 0.81.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The business had revenue of $358.80 million during the quarter, compared to analysts’ expectations of $356.93 million. During the same period last year, the firm posted $1.62 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Alexandria Real Estate Equities Inc will post 6.97 earnings per share for the current year.

A number of equities analysts recently issued reports on ARE shares. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Mitsubishi UFJ Financial Group upped their price target on shares of Alexandria Real Estate Equities to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Canaccord Genuity reiterated an “average” rating and issued a $25.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. Finally, Barclays cut shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $130.00 to $136.00 in a research note on Thursday, April 4th. Four 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 company’s stock. The stock has an average rating of “Buy” and a consensus price target of $108.57.

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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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