Rothschild Asset Management Inc. acquired a new position in Alexandria Real Estate Equities Inc (NYSE:ARE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 234,059 shares of the real estate investment trust’s stock, valued at approximately $29,531,000. Rothschild Asset Management Inc. owned approximately 0.22% of Alexandria Real Estate Equities as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. IBM Retirement Fund purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $276,000. Cetera Advisors LLC raised its position in shares of Alexandria Real Estate Equities by 8.0% in the first quarter. Cetera Advisors LLC now owns 8,168 shares of the real estate investment trust’s stock worth $1,017,000 after buying an additional 605 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $2,140,000. BlackRock Inc. raised its position in shares of Alexandria Real Estate Equities by 4.5% in the first quarter. BlackRock Inc. now owns 10,623,777 shares of the real estate investment trust’s stock worth $1,326,803,000 after buying an additional 460,403 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in shares of Alexandria Real Estate Equities by 47.1% in the second quarter. Virginia Retirement Systems ET AL now owns 261,900 shares of the real estate investment trust’s stock worth $33,044,000 after buying an additional 83,800 shares in the last quarter. Institutional investors own 98.98% of the company’s stock.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 29,500 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $126.87, for a total transaction of $3,742,665.00. Following the sale, the insider now owns 582,255 shares in the company, valued at $73,870,691.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $126.66, for a total value of $949,950.00. Following the sale, the chief executive officer now owns 152,392 shares in the company, valued at approximately $19,301,970.72. The disclosure for this sale can be found here. Insiders have sold 42,167 shares of company stock worth $5,338,791 in the last 90 days. Company insiders own 1.41% of the company’s stock.

NYSE ARE opened at $128.62 on Friday. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.81. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 2.99 and a beta of 0.79.

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

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

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 $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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