Mason Street Advisors LLC increased its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 6.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,082 shares of the real estate investment trust’s stock after purchasing an additional 922 shares during the period. Mason Street Advisors LLC’s holdings in Alexandria Real Estate Equities were worth $2,293,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Riverview Trust Co acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $32,000. We Are One Seven LLC acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $59,000. SRS Capital Advisors Inc. lifted its holdings in 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 worth $79,000 after buying an additional 239 shares in the last quarter. Loeb Partners Corp acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $115,000. Finally, ETF Managers Group LLC lifted its holdings in 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 worth $123,000 after buying an additional 168 shares in the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.
In other news, major shareholder Real Estate Equitie Alexandria acquired 975,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of $10.00 per share, for a total transaction of $9,750,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard Hunter Klein sold 227 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $142.00, for a total transaction of $32,234.00. Following the completion of the sale, the director now owns 10,390 shares in the company, valued at $1,475,380. The disclosure for this sale can be found here. Insiders sold a total of 60,551 shares of company stock worth $8,588,235 over the last 90 days. Company insiders own 1.43% of the company’s stock.
Shares of ARE opened at $144.05 on Friday. Alexandria Real Estate Equities Inc has a twelve month low of $109.04 and a twelve month high of $147.59. The firm has a market capitalization of $16.49 billion, a PE ratio of 21.83, a PEG ratio of 4.87 and a beta of 0.90. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71.
Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data 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 net margin of 27.29% and a return on equity of 4.91%. The firm had revenue of $358.80 million during the quarter, compared to analyst estimates of $356.93 million. During the same quarter in the previous year, the business posted $1.62 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts expect that Alexandria Real Estate Equities Inc will post 6.96 EPS for the current year.
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Alexandria Real Estate Equities 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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