Brasada Capital Management LP Decreases Holdings in Alexandria Real Estate Equities Inc (ARE)

Brasada Capital Management LP trimmed its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,978 shares of the real estate investment trust’s stock after selling 573 shares during the period. Alexandria Real Estate Equities makes up about 1.2% of Brasada Capital Management LP’s holdings, making the stock its 28th largest holding. 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.

A number of other large investors have also recently added to or reduced their stakes in ARE. Riverview Trust Co acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $32,000. We Are One Seven LLC acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth $59,000. SRS Capital Advisors Inc. raised its stake in shares of Alexandria Real Estate Equities by 53.8% in the fourth 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 in the last quarter. Loeb Partners Corp acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $115,000. Finally, ETF Managers Group LLC raised its stake in shares of Alexandria Real Estate Equities by 18.6% in the fourth 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 in the last quarter. Institutional investors own 98.53% of the company’s stock.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $142.03, for a total value of $2,130,450.00. Following the sale, the insider now directly owns 509,212 shares in the company, valued at $72,323,380.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Thomas J. Andrews sold 25,000 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $134.18, for a total value of $3,354,500.00. Following the completion of the sale, the insider now owns 146,916 shares in the company, valued at $19,713,188.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,551 shares of company stock worth $17,615,465. 1.43% of the stock is owned by insiders.

Alexandria Real Estate Equities stock opened at $142.69 on Tuesday. 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 debt-to-equity ratio of 0.71, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 4.69 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results 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 business had revenue of $358.80 million during the quarter, compared to analyst estimates of $356.93 million. During the same quarter in the prior year, the business earned $1.62 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Thursday, March 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently 58.79%.

Several analysts have recently issued reports on the company. Barclays cut Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $130.00 to $136.00 in a research note on Thursday, April 4th. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “sell” rating in a research note on Tuesday, May 7th. Canaccord Genuity reiterated an “average” rating and issued a $25.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. CIBC reiterated a “buy” rating and issued a $23.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Finally, ValuEngine upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $111.38.

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About Alexandria Real Estate Equities

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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