Moody Aldrich Partners LLC Decreases Holdings in Alexandria Real Estate Equities Inc (NYSE:ARE)

Moody Aldrich Partners LLC trimmed its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,385 shares of the real estate investment trust’s stock after selling 81 shares during the period. Moody Aldrich Partners LLC’s holdings in Alexandria Real Estate Equities were worth $225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Shell Asset Management Co. lifted its holdings in Alexandria Real Estate Equities by 2.4% during the first quarter. Shell Asset Management Co. now owns 4,277 shares of the real estate investment trust’s stock valued at $586,000 after purchasing an additional 100 shares in the last quarter. ETF Managers Group LLC lifted its stake in shares of Alexandria Real Estate Equities by 5.7% in the first quarter. ETF Managers Group LLC now owns 1,851 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 100 shares in the last quarter. Huntington National Bank lifted its stake in shares of Alexandria Real Estate Equities by 1.0% in the first quarter. Huntington National Bank now owns 10,640 shares of the real estate investment trust’s stock worth $1,458,000 after buying an additional 104 shares in the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Alexandria Real Estate Equities by 1.0% in the first quarter. Sumitomo Life Insurance Co. now owns 10,494 shares of the real estate investment trust’s stock worth $1,438,000 after buying an additional 104 shares in the last quarter. Finally, Bessemer Group Inc. lifted its stake in shares of Alexandria Real Estate Equities by 125.3% in the first quarter. Bessemer Group Inc. now owns 205 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 114 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of ARE traded up $1.42 during trading on Friday, reaching $177.55. 840,272 shares of the company traded hands, compared to its average volume of 885,741. Alexandria Real Estate Equities Inc has a twelve month low of $109.22 and a twelve month high of $177.64. The stock has a market cap of $22.39 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 5.66 and a beta of 0.83. The stock has a 50-day simple moving average of $165.26 and a 200-day simple moving average of $156.50. The company has a quick ratio of 0.37, a current ratio of 0.19 and a debt-to-equity ratio of 0.68.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.01. Alexandria Real Estate Equities had a net margin of 24.09% and a return on equity of 3.94%. The business had revenue of $436.96 million during the quarter, compared to analysts’ expectations of $448.92 million. During the same period last year, the business earned $0.68 earnings per share. The business’s revenue for the quarter was up 16.9% on a year-over-year basis. On average, equities research analysts predict that Alexandria Real Estate Equities Inc will post 7.3 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $1.06 per share. The ex-dividend date was Monday, June 29th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.03. This represents a $4.24 dividend on an annualized basis and a dividend yield of 2.39%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 60.92%.

Several equities analysts have recently weighed in on ARE shares. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a research note on Thursday, May 28th. CIBC decreased their price target on shares of Alexandria Real Estate Equities from $24.00 to $20.00 and set an “outperformer” rating on the stock in a research note on Wednesday, April 22nd. JMP Securities assumed coverage on shares of Alexandria Real Estate Equities in a research note on Monday, June 8th. They issued an “outperform” rating and a $185.00 price target on the stock. Royal Bank of Canada lifted their target price on shares of Alexandria Real Estate Equities from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Citigroup reduced their target price on shares of Alexandria Real Estate Equities from $195.00 to $163.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $146.25.

In related news, CAO Andres Gavinet sold 2,925 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $154.26, for a total value of $451,210.50. Following the completion of the transaction, the chief accounting officer now owns 44,146 shares in the company, valued at $6,809,961.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $152.86, for a total transaction of $3,821,500.00. Following the completion of the transaction, the chairman now owns 416,931 shares of the company’s stock, valued at approximately $63,732,072.66. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,303 shares of company stock valued at $7,035,218. Company insiders own 1.12% of the company’s stock.

Alexandria Real Estate Equities Company 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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