Bowling Portfolio Management LLC trimmed its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,575 shares of the real estate investment trust’s stock after selling 94 shares during the quarter. Bowling Portfolio Management LLC’s holdings in Alexandria Real Estate Equities were worth $795,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ARE. Citigroup Inc. grew its position in Alexandria Real Estate Equities by 583.3% during the fourth quarter. Citigroup Inc. now owns 1,082,030 shares of the real estate investment trust’s stock valued at $124,693,000 after buying an additional 923,675 shares during the period. Norges Bank bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at approximately $99,599,000. Lasalle Investment Management Securities LLC grew its position in Alexandria Real Estate Equities by 981.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 918,415 shares of the real estate investment trust’s stock valued at $105,838,000 after buying an additional 833,504 shares during the period. Resolution Capital Ltd grew its position in Alexandria Real Estate Equities by 61.3% during the fourth quarter. Resolution Capital Ltd now owns 1,499,119 shares of the real estate investment trust’s stock valued at $172,758,000 after buying an additional 570,005 shares during the period. Finally, Vanguard Group Inc grew its position in Alexandria Real Estate Equities by 2.3% during the third quarter. Vanguard Group Inc now owns 16,605,056 shares of the real estate investment trust’s stock valued at $2,088,750,000 after buying an additional 377,569 shares during the period. Institutional investors own 99.14% of the company’s stock.

Several analysts recently issued reports on the stock. Barclays lowered shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $130.00 to $136.00 in a research report on Thursday, April 4th. Mitsubishi UFJ Financial Group boosted their target price on shares of Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Canaccord Genuity restated an “average” rating and set a $25.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, March 7th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a research report on Monday, March 4th. Finally, ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $111.38.

In other Alexandria Real Estate Equities news, insider Thomas J. Andrews sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $134.18, for a total value of $3,354,500.00. Following the completion of the transaction, the insider now directly owns 146,916 shares in the company, valued at $19,713,188.88. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Hunter Klein sold 1,103 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $142.50, for a total transaction of $157,177.50. Following the completion of the transaction, the director now owns 10,617 shares of the company’s stock, valued at $1,512,922.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,824 shares of company stock valued at $16,878,086. Company insiders own 1.41% of the company’s stock.

ARE opened at $138.66 on Friday. The company has a market capitalization of $15.66 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 4.70 and a beta of 0.92. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $144.46. 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 (NYSE:ARE) last posted its quarterly earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($1.99). The firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $348.01 million. Alexandria Real Estate Equities had a return on equity of 5.28% and a net margin of 28.57%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.53 earnings per share. Equities research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.97 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.80%. Alexandria Real Estate Equities’s payout ratio is currently 58.79%.

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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 $18.4 billion and an asset base in North America of 33.1 million square feet ("SF") as of December 31, 2018.

Featured Story: Return on Equity (ROE)

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

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