LPL Financial LLC Cuts Position in Alexandria Real Estate Equities Inc (ARE)

LPL Financial LLC reduced its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 63.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,085 shares of the real estate investment trust’s stock after selling 5,457 shares during the quarter. LPL Financial LLC’s holdings in Alexandria Real Estate Equities were worth $355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. We Are One Seven LLC purchased a new stake in Alexandria Real Estate Equities in the 4th quarter worth approximately $59,000. SRS Capital Advisors Inc. lifted its stake in shares of Alexandria Real Estate Equities by 53.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 239 shares during the period. Loeb Partners Corp purchased a new position in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $115,000. ETF Managers Group LLC lifted its stake in shares of Alexandria Real Estate Equities by 18.6% in the 4th quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 168 shares during the period. Finally, Exane Derivatives lifted its stake in shares of Alexandria Real Estate Equities by 2,442.2% in the 4th quarter. Exane Derivatives now owns 1,627 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,563 shares during the period. Institutional investors and hedge funds own 99.14% of the company’s stock.

In other news, COO Jennifer Banks sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $131.92, for a total value of $659,600.00. Following the sale, the chief operating officer now directly owns 53,976 shares of the company’s stock, valued at $7,120,513.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Richardson sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $135.37, for a total value of $1,353,700.00. Following the completion of the sale, the chief executive officer now directly owns 182,475 shares in the company, valued at $24,701,640.75. The disclosure for this sale can be found here. Insiders sold 123,824 shares of company stock worth $16,878,086 over the last 90 days. Company insiders own 1.41% of the company’s stock.

Shares of ARE traded up $2.26 during trading hours on Friday, hitting $138.66. The stock had a trading volume of 747,375 shares, compared to its average volume of 564,021. 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 Inc has a 12 month low of $109.04 and a 12 month high of $144.46. The firm has a market capitalization of $15.66 billion, a P/E ratio of 21.01, a PEG ratio of 4.54 and a beta of 0.92.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ 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 was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 EPS. Analysts expect that Alexandria Real Estate Equities Inc will post 6.96 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 2.80%. Alexandria Real Estate Equities’s payout ratio is 58.79%.

A number of research analysts have recently commented on ARE shares. ValuEngine cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. CIBC restated a “buy” rating and issued a $23.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Tuesday, January 29th. Mitsubishi UFJ Financial Group raised their price objective on Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Finally, Canaccord Genuity reaffirmed an “average” rating and set a $25.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $111.38.

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

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

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