Westpac Banking Corp Acquires 15,788 Shares of Alexandria Real Estate Equities Inc (ARE)

Westpac Banking Corp boosted its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,012 shares of the real estate investment trust’s stock after acquiring an additional 15,788 shares during the period. Westpac Banking Corp owned about 0.23% of Alexandria Real Estate Equities worth $30,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of ARE. Rothschild & Co. Asset Management US Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 36.8% in the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 320,221 shares of the real estate investment trust’s stock valued at $40,281,000 after buying an additional 86,162 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Alexandria Real Estate Equities by 11.5% in the 3rd quarter. Schroder Investment Management Group now owns 944,013 shares of the real estate investment trust’s stock valued at $118,748,000 after buying an additional 97,408 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Alexandria Real Estate Equities by 3.8% in the 3rd quarter. Canada Pension Plan Investment Board now owns 30,377 shares of the real estate investment trust’s stock valued at $3,821,000 after buying an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Alexandria Real Estate Equities by 5.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,656 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 464 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $849,000.

A number of research firms have recently weighed in on ARE. Citigroup raised their price target on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 29th. Finally, Evercore ISI set a $148.00 price target on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Alexandria Real Estate Equities has a consensus rating of “Buy” and a consensus target price of $121.17.

ARE stock opened at $121.59 on Friday. The company has a market capitalization of $13.07 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.89 and a beta of 0.69. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.78. Alexandria Real Estate Equities Inc has a 52 week low of $114.00 and a 52 week high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $1.50. The company had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. Alexandria Real Estate Equities’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the business earned $1.51 EPS. As a group, equities research analysts forecast that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current fiscal year.

In related news, insider Joel S. Marcus sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $122.81, for a total value of $614,050.00. Following the completion of the sale, the insider now directly owns 557,255 shares in the company, valued at approximately $68,436,486.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas J. Andrews sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $127.70, for a total transaction of $1,277,000.00. Following the completion of the sale, the insider now owns 176,916 shares of the company’s stock, valued at $22,592,173.20. The disclosure for this sale can be found here. Insiders sold a total of 32,450 shares of company stock valued at $4,069,874 over the last quarter. 1.41% of the stock is owned by company insiders.

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Alexandria Real Estate Equities Company 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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