Brasada Capital Management LP Trims Stake in Alexandria Real Estate Equities Inc (ARE)

Brasada Capital Management LP trimmed its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,978 shares of the real estate investment trust’s stock after selling 573 shares during the period. Alexandria Real Estate Equities comprises about 1.2% of Brasada Capital Management LP’s holdings, making the stock its 28th biggest position. Brasada Capital Management LP’s holdings in Alexandria Real Estate Equities were worth $3,846,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Riverview Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $32,000. We Are One Seven LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $59,000. SRS Capital Advisors Inc. lifted its position in shares of Alexandria Real Estate Equities by 53.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 239 shares during the period. Loeb Partners Corp acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at approximately $115,000. Finally, ETF Managers Group LLC lifted its position in shares of Alexandria Real Estate Equities by 18.6% during 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 acquiring an additional 168 shares during the period. Institutional investors own 98.53% of the company’s stock.

ARE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Monday, March 4th. CIBC reiterated a “buy” rating and set a $23.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 15th. Mitsubishi UFJ Financial Group lifted their price target 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. Barclays downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $130.00 to $136.00 in a research report on Thursday, April 4th. Finally, Canaccord Genuity restated 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Buy” and a consensus price target of $111.38.

Shares of Alexandria Real Estate Equities stock opened at $142.69 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.28 and a quick ratio of 0.28. 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 market cap of $15.90 billion, a P/E ratio of 21.62, a P/E/G ratio of 4.69 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $358.80 million for the quarter, compared to analyst estimates of $356.93 million. During the same quarter in the prior year, the firm earned $1.62 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities Inc will post 6.96 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.72%. Alexandria Real Estate Equities’s dividend payout ratio is currently 58.79%.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, February 19th. The shares were 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 of the company’s stock, valued at approximately $24,701,640.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO Daniel J. Ryan sold 7,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $136.84, for a total transaction of $957,880.00. Following the completion of the sale, the executive now directly owns 115,781 shares of the company’s stock, valued at $15,843,472.04. The disclosure for this sale can be found here. Insiders have sold a total of 127,551 shares of company stock valued at $17,615,465 over the last 90 days. Insiders own 1.43% of the company’s stock.

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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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