Nissay Asset Management Corp Japan ADV Grows Stake in Alexandria Real Estate Equities Inc (ARE)

Nissay Asset Management Corp Japan ADV increased its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 5.3% during the first quarter, HoldingsChannel.com reports. The fund owned 16,732 shares of the real estate investment trust’s stock after buying an additional 849 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Alexandria Real Estate Equities were worth $2,385,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of Alexandria Real Estate Equities by 7.8% in the first quarter. Janney Montgomery Scott LLC now owns 10,874 shares of the real estate investment trust’s stock worth $1,550,000 after acquiring an additional 784 shares during the period. Sumitomo Life Insurance Co. lifted its stake in shares of Alexandria Real Estate Equities by 2.5% in the fourth quarter. Sumitomo Life Insurance Co. now owns 11,723 shares of the real estate investment trust’s stock worth $1,351,000 after acquiring an additional 282 shares during the period. Nordea Investment Management AB lifted its stake in shares of Alexandria Real Estate Equities by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 307,269 shares of the real estate investment trust’s stock worth $35,409,000 after acquiring an additional 14,521 shares during the period. Mackay Shields LLC acquired a new position in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $2,058,000. Finally, Boston Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 9.8% in the fourth quarter. Boston Advisors LLC now owns 23,414 shares of the real estate investment trust’s stock worth $2,698,000 after acquiring an additional 2,094 shares during the period. 97.96% of the stock is currently owned by institutional investors.

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $134.41, for a total value of $1,344,100.00. Following the transaction, the chairman now directly owns 547,312 shares of the company’s stock, valued at $73,564,205.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dean A. Shigenaga sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $134.47, for a total value of $2,017,050.00. Following the completion of the transaction, the chief financial officer now directly owns 133,565 shares in the company, valued at $17,960,485.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,551 shares of company stock worth $14,260,965. Insiders own 1.43% of the company’s stock.

Shares of ARE opened at $143.85 on Thursday. Alexandria Real Estate Equities Inc has a 52-week low of $109.04 and a 52-week high of $146.20. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 4.75 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The business had revenue of $358.80 million during the quarter, compared to analyst estimates of $356.93 million. During the same period last year, the firm posted $1.62 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 12.1% compared to the same quarter last year. Equities analysts predict that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current year.

ARE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Monday, March 4th. Mitsubishi UFJ Financial Group lifted their price objective on Alexandria Real Estate Equities to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Barclays lowered Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $130.00 to $136.00 in a research note on Thursday, April 4th. Canaccord Genuity reaffirmed an “average” rating and issued a $25.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. Finally, ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $111.38.

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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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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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