Rothschild & Co. Asset Management US Inc. Has $19.08 Million Stock Position in Alexandria Real Estate Equities Inc (NYSE:ARE)

Rothschild & Co. Asset Management US Inc. trimmed its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 45.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,238 shares of the real estate investment trust’s stock after selling 112,039 shares during the quarter. Rothschild & Co. Asset Management US Inc. owned about 0.12% of Alexandria Real Estate Equities worth $19,081,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Alexandria Real Estate Equities by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,610,388 shares of the real estate investment trust’s stock valued at $185,577,000 after purchasing an additional 48,268 shares during the period. Geode Capital Management LLC raised its holdings in Alexandria Real Estate Equities by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock worth $194,957,000 after buying an additional 168,461 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $326,000. State of Alaska Department of Revenue raised its holdings in Alexandria Real Estate Equities by 3.8% during the 1st quarter. State of Alaska Department of Revenue now owns 56,894 shares of the real estate investment trust’s stock worth $8,108,000 after buying an additional 2,069 shares during the period. Finally, Calamos Advisors LLC raised its holdings in Alexandria Real Estate Equities by 1.0% during the 1st quarter. Calamos Advisors LLC now owns 56,135 shares of the real estate investment trust’s stock worth $8,003,000 after buying an additional 537 shares during the period. Institutional investors and hedge funds own 96.60% of the company’s stock.

In other news, insider Joel S. Marcus sold 20,000 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $145.10, for a total transaction of $2,902,000.00. Following the completion of the transaction, the insider now owns 495,712 shares in the company, valued at approximately $71,927,811.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James P. Cain sold 450 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $139.82, for a total value of $62,919.00. Following the transaction, the director now owns 3,506 shares of the company’s stock, valued at approximately $490,208.92. The disclosure for this sale can be found here. Insiders have sold a total of 36,225 shares of company stock valued at $5,243,680 in the last quarter. 1.43% of the stock is owned by corporate insiders.

Shares of ARE traded down $0.76 during mid-day trading on Wednesday, hitting $143.52. 7,399 shares of the company’s stock were exchanged, compared to its average volume of 695,586. The firm has a market capitalization of $16.43 billion, a P/E ratio of 21.78, a PEG ratio of 4.79 and a beta of 0.74. Alexandria Real Estate Equities Inc has a 52 week low of $109.04 and a 52 week high of $153.51. The stock has a 50-day moving average of $144.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.04). The business had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. Alexandria Real Estate Equities’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.64 earnings per share. On average, equities research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.00 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. The ex-dividend date was Thursday, June 27th. This represents a $4.00 annualized dividend and a dividend yield of 2.79%. Alexandria Real Estate Equities’s dividend payout ratio is presently 60.61%.

Several brokerages have commented on ARE. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Citigroup raised their target price on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday. GMP Securities restated an “average” rating and set a $26.00 target price on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. Finally, ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average price target of $100.50.

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

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