Ameriprise Financial Inc. Trims Position in Alexandria Real Estate Equities, Inc. (ARE)

Ameriprise Financial Inc. cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 867,931 shares of the real estate investment trust’s stock after selling 17,685 shares during the period. Ameriprise Financial Inc. owned 0.91% of Alexandria Real Estate Equities worth $103,265,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Piedmont Investment Advisors LLC raised its position in Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 8 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after buying an additional 25 shares during the last quarter. Public Employees Retirement Association of Colorado raised its position in Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock valued at $2,068,000 after buying an additional 47 shares during the last quarter. First Personal Financial Services raised its position in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 81 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Alexandria Real Estate Equities by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the real estate investment trust’s stock valued at $675,000 after buying an additional 100 shares during the last quarter.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the transaction, the chief executive officer now owns 664,436 shares in the company, valued at $79,061,239.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $120.41, for a total value of $602,050.00. Following the completion of the transaction, the executive vice president now owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,000 shares of company stock worth $7,127,630. Corporate insiders own 1.51% of the company’s stock.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at $126.02 on Wednesday. The firm has a market capitalization of $12,060.00, a PE ratio of 21.83, a price-to-earnings-growth ratio of 3.68 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83. Alexandria Real Estate Equities, Inc. has a 1-year low of $105.74 and a 1-year high of $130.46.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). The firm had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.39 earnings per share. equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.86%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 390.91%.

A number of research analysts have issued reports on the company. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Monday. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Mizuho reiterated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $113.17.

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Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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

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