Royal London Asset Management Ltd. Lowers Holdings in Alexandria Real Estate Equities Inc (ARE)

Royal London Asset Management Ltd. lessened its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,238 shares of the real estate investment trust’s stock after selling 1,695 shares during the period. Royal London Asset Management Ltd.’s holdings in Alexandria Real Estate Equities were worth $5,061,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ARE. BlackRock Inc. grew its position in Alexandria Real Estate Equities by 3.0% during the second quarter. BlackRock Inc. now owns 10,947,075 shares of the real estate investment trust’s stock valued at $1,381,196,000 after acquiring an additional 323,298 shares during the period. Schroder Investment Management Group grew its position in Alexandria Real Estate Equities by 38.7% during the second quarter. Schroder Investment Management Group now owns 1,151,862 shares of the real estate investment trust’s stock valued at $100,288,000 after acquiring an additional 321,596 shares during the period. PGGM Investments grew its position in Alexandria Real Estate Equities by 10.4% during the third quarter. PGGM Investments now owns 2,983,616 shares of the real estate investment trust’s stock valued at $375,309,000 after acquiring an additional 280,616 shares during the period. Rothschild Asset Management Inc. purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at about $29,531,000. Finally, Advisors Asset Management Inc. grew its position in Alexandria Real Estate Equities by 1,738.6% during the second quarter. Advisors Asset Management Inc. now owns 190,180 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 179,836 shares during the period.

Shares of ARE opened at $121.59 on Friday. The stock has a market cap of $13.11 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.90 and a beta of 0.69. Alexandria Real Estate Equities Inc has a 12 month low of $114.00 and a 12 month high of $134.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.27 and a current ratio of 0.27.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $1.50. The company had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.51 earnings per share. As a group, equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.6 earnings per share for the current fiscal year.

In related news, insider Joel S. Marcus sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $122.81, for a total value of $614,050.00. Following the transaction, the insider now owns 557,255 shares in the company, valued at $68,436,486.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Thomas J. Andrews sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $127.70, for a total value of $1,277,000.00. Following the completion of the transaction, the insider now owns 176,916 shares in the company, valued at approximately $22,592,173.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,450 shares of company stock worth $4,069,874. Insiders own 1.41% of the company’s stock.

A number of brokerages have commented on ARE. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Monday, October 29th. Citigroup boosted their price objective on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Finally, Evercore ISI set a $148.00 price objective on Alexandria Real Estate Equities and gave the stock a “buy” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and a consensus price target of $121.17.

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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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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