First Trust Advisors LP raised its stake in Alexandria Real Estate Equities Inc. (NYSE:ARE) by 196.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,992 shares of the real estate investment trust’s stock after buying an additional 78,916 shares during the period. First Trust Advisors LP’s holdings in Alexandria Real Estate Equities were worth $12,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Alexandria Real Estate Equities by 5.2% in the first quarter. Legal & General Group Plc now owns 159,884 shares of the real estate investment trust’s stock valued at $14,530,000 after buying an additional 7,933 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Alexandria Real Estate Equities by 5.8% in the first quarter. Arizona State Retirement System now owns 38,128 shares of the real estate investment trust’s stock valued at $3,465,000 after buying an additional 2,100 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $275,000. BNP Paribas Arbitrage SA increased its stake in shares of Alexandria Real Estate Equities by 267.7% in the second quarter. BNP Paribas Arbitrage SA now owns 42,869 shares of the real estate investment trust’s stock valued at $4,438,000 after buying an additional 31,210 shares in the last quarter. Finally, British Columbia Investment Management Corp purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at approximately $4,633,000. Hedge funds and other institutional investors own 98.49% of the company’s stock.

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

Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) traded down 1.983% during trading on Wednesday, reaching $109.505. 327,958 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $106.33 and a 200 day moving average price of $105.32. The firm’s market cap is $8.70 billion. Alexandria Real Estate Equities Inc. has a 12 month low of $70.69 and a 12 month high of $114.67.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, November 1st. The real estate investment trust reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.01. Alexandria Real Estate Equities had a negative net margin of 6.05% and a negative return on equity of 1.37%. The firm had revenue of $230.38 million for the quarter, compared to analysts’ expectations of $165.66 million. During the same quarter in the previous year, the business posted $1.33 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities Inc. will post $5.52 EPS for the current year.

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Several brokerages have recently commented on ARE. RBC Capital Markets reiterated an “outperform” rating and issued a $120.00 target price (up previously from $105.00) on shares of Alexandria Real Estate Equities in a report on Thursday, August 4th. Royal Bank Of Canada increased their target price on shares of Alexandria Real Estate Equities from $105.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. BTIG Research began coverage on shares of Alexandria Real Estate Equities in a report on Thursday, August 25th. They issued a “buy” rating and a $124.00 target price for the company. Mizuho increased their target price on shares of Alexandria Real Estate Equities from $113.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Finally, Barclays PLC increased their target price on shares of Alexandria Real Estate Equities from $113.00 to $121.00 and gave the company an “overweight” rating in a report on Tuesday, August 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $117.00.

In related news, EVP Daniel J. Ryan sold 7,500 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $102.53, for a total value of $768,975.00. Following the transaction, the executive vice president now owns 84,700 shares in the company, valued at approximately $8,684,291. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas J. Andrews sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $110.75, for a total transaction of $1,107,500.00. Following the completion of the transaction, the executive vice president now owns 139,600 shares in the company, valued at approximately $15,460,700. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

5 Day Chart for NYSE:ARE

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