Teachers Insurance & Annuity Association of America raised its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,857 shares of the real estate investment trust’s stock after purchasing an additional 2,740 shares during the quarter. Alexandria Real Estate Equities accounts for approximately 1.3% of Teachers Insurance & Annuity Association of America’s portfolio, making the stock its 18th largest position. Teachers Insurance & Annuity Association of America owned about 0.12% of Alexandria Real Estate Equities worth $16,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC increased its holdings in Alexandria Real Estate Equities by 142.3% in the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 505 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Alexandria Real Estate Equities in the second quarter valued at $164,000. NumerixS Investment Technologies Inc purchased a new position in Alexandria Real Estate Equities in the second quarter valued at $177,000. Advisor Partners LLC purchased a new position in Alexandria Real Estate Equities in the second quarter valued at $205,000. Finally, Private Advisor Group LLC purchased a new position in Alexandria Real Estate Equities in the second quarter valued at $206,000.

NYSE ARE opened at $120.76 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.27 and a quick ratio of 0.27. Alexandria Real Estate Equities Inc has a 1 year low of $114.00 and a 1 year high of $134.37. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 2.90 and a beta of 0.69.

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

In other Alexandria Real Estate Equities news, insider Thomas J. Andrews sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were 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 $22,592,173.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Ryan sold 7,000 shares of the company’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $127.66, for a total transaction of $893,620.00. Following the completion of the transaction, the insider now owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The disclosure for this sale can be found here. Insiders sold 32,450 shares of company stock valued at $4,069,874 in the last 90 days. 1.41% of the stock is currently owned by insiders.

Several equities analysts recently commented on the company. Evercore ISI set a $148.00 target price on Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Monday, October 29th. Finally, Citigroup increased their target price on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $121.17.

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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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