Squarepoint Ops LLC Sells 22,768 Shares of Alexandria Real Estate Equities Inc (NYSE:ARE)

Squarepoint Ops LLC reduced its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 42.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,448 shares of the real estate investment trust’s stock after selling 22,768 shares during the quarter. Squarepoint Ops LLC’s holdings in Alexandria Real Estate Equities were worth $4,690,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its holdings in Alexandria Real Estate Equities by 36.1% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 294 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 78 shares in the last quarter. Signaturefd LLC raised its position in Alexandria Real Estate Equities by 19.2% in the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 87 shares in the last quarter. CSat Investment Advisory L.P. raised its position in Alexandria Real Estate Equities by 65.9% in the second 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 in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Alexandria Real Estate Equities by 6.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 1,550 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 100 shares during the period. Finally, Hartford Investment Management Co. lifted its stake in Alexandria Real Estate Equities by 0.8% during the second quarter. Hartford Investment Management Co. now owns 12,280 shares of the real estate investment trust’s stock worth $1,733,000 after purchasing an additional 101 shares during the period. 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 Alexandria Real Estate Equities stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.20, for a total value of $897,069.60. Following the completion of the transaction, the insider now owns 39,499 shares in the company, valued at approximately $5,972,248.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.49, for a total value of $1,158,675.00. Following the completion of the transaction, the chairman now directly owns 438,462 shares in the company, valued at approximately $67,737,994.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,183 shares of company stock worth $3,545,057. 1.43% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. Robert W. Baird set a $152.00 price objective on Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Wednesday, August 21st. DA Davidson raised their target price on Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their target price on Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 13th. Barclays set a $153.00 price target on Alexandria Real Estate Equities and gave the company a “hold” rating in a research report on Friday, October 11th. Finally, Citigroup increased their price objective on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $113.80.

NYSE:ARE opened at $161.28 on Wednesday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.76. The firm has a market cap of $18.43 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 4.54 and a beta of 0.70. Alexandria Real Estate Equities Inc has a 12 month low of $109.04 and a 12 month high of $163.51. The company’s 50-day moving average price is $157.87 and its two-hundred day moving average price is $150.48.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $390.50 million for the quarter, compared to analyst estimates of $389.99 million. During the same period in the previous year, the business posted $1.66 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that Alexandria Real Estate Equities Inc will post 6.97 EPS for the current fiscal year.

About Alexandria Real Estate Equities

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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