Resolution Capital Ltd Buys 17,598 Shares of Alexandria Real Estate Equities Inc (ARE)

Resolution Capital Ltd boosted its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.2% in the first quarter, HoldingsChannel.com reports. The firm owned 1,516,717 shares of the real estate investment trust’s stock after purchasing an additional 17,598 shares during the quarter. Alexandria Real Estate Equities makes up approximately 7.0% of Resolution Capital Ltd’s holdings, making the stock its 6th largest holding. Resolution Capital Ltd’s holdings in Alexandria Real Estate Equities were worth $216,223,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Cigna Investments Inc. New boosted its position in Alexandria Real Estate Equities by 3.6% during the 4th quarter. Cigna Investments Inc. New now owns 3,185 shares of the real estate investment trust’s stock worth $367,000 after acquiring an additional 110 shares during the period. Quadrant Capital Management LLC raised its position in shares of Alexandria Real Estate Equities by 0.8% during the fourth quarter. Quadrant Capital Management LLC now owns 13,452 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 111 shares during the period. KBC Group NV raised its position in Alexandria Real Estate Equities by 0.6% during the fourth quarter. KBC Group NV now owns 20,651 shares of the real estate investment trust’s stock valued at $2,380,000 after buying an additional 115 shares during the period. First Hawaiian Bank raised its position in Alexandria Real Estate Equities by 2.9% during the first quarter. First Hawaiian Bank now owns 4,217 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 120 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Alexandria Real Estate Equities by 6.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,231 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 128 shares during the period. Institutional investors and hedge funds own 99.14% of the company’s stock.

Shares of ARE traded down $1.71 during trading hours on Wednesday, hitting $137.51. 10,622 shares of the company were exchanged, compared to its average volume of 525,336. The company has a market cap of $16.23 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.70 and a beta of 0.92. Alexandria Real Estate Equities Inc has a 52 week low of $109.04 and a 52 week high of $144.46. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.29 and a current ratio of 0.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($1.99). The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $348.01 million. Alexandria Real Estate Equities had a return on equity of 5.28% and a net margin of 28.57%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 EPS. On average, research analysts predict that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a dividend of $0.97 per share. The ex-dividend date was Thursday, March 28th. This represents a $3.88 annualized dividend and a yield of 2.82%. Alexandria Real Estate Equities’s payout ratio is 58.79%.

Several research analysts recently weighed in on ARE shares. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Monday, March 4th. CIBC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 15th. Mitsubishi UFJ Financial Group upped their target price on Alexandria Real Estate Equities to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, March 7th. ValuEngine lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Barclays lowered Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $130.00 to $136.00 in a research report on Thursday, April 4th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $111.38.

In related news, insider Joel S. Marcus sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $130.01, for a total transaction of $1,300,100.00. Following the completion of the sale, the insider now owns 557,312 shares in the company, valued at approximately $72,456,133.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,721 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $141.44, for a total value of $526,298.24. Following the sale, the chief executive officer now owns 179,133 shares of the company’s stock, valued at approximately $25,336,571.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 123,824 shares of company stock valued at $16,878,086. 1.41% of the stock is owned by corporate insiders.

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About Alexandria Real Estate Equities

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 $18.4 billion and an asset base in North America of 33.1 million square feet ("SF") as of December 31, 2018.

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Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

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