Green Street Investors LLC Has $6.79 Million Position in Alexandria Real Estate Equities Inc (NYSE:ARE)

Green Street Investors LLC raised its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 17.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,066 shares of the real estate investment trust’s stock after buying an additional 6,500 shares during the period. Alexandria Real Estate Equities comprises approximately 4.0% of Green Street Investors LLC’s investment portfolio, making the stock its 9th biggest position. Green Street Investors LLC’s holdings in Alexandria Real Estate Equities were worth $6,788,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ARE. Steward Partners Investment Advisory LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. CSat Investment Advisory L.P. boosted its stake in Alexandria Real Estate Equities by 65.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 89 shares during the period. Meeder Asset Management Inc. boosted its stake in Alexandria Real Estate Equities by 883.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 265 shares during the period. Signaturefd LLC boosted its stake in Alexandria Real Estate Equities by 19.2% in the 2nd quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 87 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth approximately $95,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

In other Alexandria Real Estate Equities news, insider Vincent Ciruzzi sold 5,933 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.20, for a total value of $897,069.60. Following the completion of the sale, the insider now owns 39,499 shares in the company, valued at approximately $5,972,248.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.49, for a total transaction of $1,158,675.00. Following the completion of the sale, the chairman now owns 438,462 shares of the company’s stock, valued at approximately $67,737,994.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,183 shares of company stock valued at $4,409,057. Insiders own 1.43% of the company’s stock.

ARE stock traded up $0.03 during midday trading on Friday, reaching $153.91. The company had a trading volume of 571,263 shares, compared to its average volume of 717,806. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $160.25. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $17.59 billion, a P/E ratio of 23.32, a PEG ratio of 4.33 and a beta of 0.71. The company has a 50 day moving average of $155.22 and a two-hundred day moving average of $148.38.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($2.19). Alexandria Real Estate Equities had a return on equity of 1.63% and a net margin of 9.29%. The company had revenue of $390.50 million during the quarter, compared to analysts’ expectations of $389.99 million. During the same quarter in the previous year, the company earned $1.66 EPS. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Alexandria Real Estate Equities Inc will post 6.97 earnings per share for the current year.

The business also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a yield of 2.6%. Alexandria Real Estate Equities’s payout ratio is 60.61%.

ARE has been the subject of a number of recent analyst reports. TD Securities decreased their price objective on shares of Alexandria Real Estate Equities from $26.00 to $25.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Robert W. Baird set a $152.00 price objective on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a research note on Wednesday, August 21st. ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Finally, GMP Securities reaffirmed an “average” rating and issued a $26.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $105.73.

Alexandria Real Estate Equities 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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