Bank of New York Mellon Corp Raises Position in Alexandria Real Estate Equities Inc (ARE)

Bank of New York Mellon Corp boosted its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,434,839 shares of the real estate investment trust’s stock after buying an additional 73,307 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alexandria Real Estate Equities were worth $317,965,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Rhumbline Advisers raised its holdings in Alexandria Real Estate Equities by 2.3% in the 4th quarter. Rhumbline Advisers now owns 193,682 shares of the real estate investment trust’s stock valued at $25,293,000 after buying an additional 4,416 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Alexandria Real Estate Equities by 2.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,903 shares of the real estate investment trust’s stock worth $4,166,000 after purchasing an additional 697 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in Alexandria Real Estate Equities by 2.8% during the 4th quarter. State of Wisconsin Investment Board now owns 138,598 shares of the real estate investment trust’s stock worth $18,099,000 after purchasing an additional 3,753 shares during the last quarter. First Allied Advisory Services Inc. bought a new position in Alexandria Real Estate Equities during the 4th quarter worth approximately $203,000. Finally, Toronto Dominion Bank raised its holdings in Alexandria Real Estate Equities by 16.1% during the 4th quarter. Toronto Dominion Bank now owns 41,109 shares of the real estate investment trust’s stock worth $5,367,000 after purchasing an additional 5,703 shares during the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.

ARE has been the subject of several analyst reports. Canaccord Genuity restated a “buy” rating and set a $20.37 price target on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target for the company in a report on Monday, December 4th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Tuesday, January 16th. Mizuho restated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Finally, TheStreet lowered shares of Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $105.67.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $122.66 on Monday. The firm has a market cap of $12,417.98, a price-to-earnings ratio of 78.13, a PEG ratio of 2.77 and a beta of 0.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.38. Alexandria Real Estate Equities Inc has a one year low of $106.89 and a one year high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($1.16). The company had revenue of $298.79 million during the quarter, compared to the consensus estimate of $293.63 million. Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. The business’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. analysts expect that Alexandria Real Estate Equities Inc will post 6.57 earnings per share for the current fiscal year.

In other news, CEO Joel S. Marcus sold 30,000 shares of Alexandria Real Estate Equities stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $125.37, for a total value of $3,761,100.00. Following the completion of the sale, the chief executive officer now owns 671,358 shares in the company, valued at approximately $84,168,152.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Peter M. Moglia sold 1,750 shares of Alexandria Real Estate Equities stock in a transaction on Monday, December 4th. The shares were sold at an average price of $130.00, for a total transaction of $227,500.00. Following the completion of the sale, the insider now owns 115,117 shares of the company’s stock, valued at approximately $14,965,210. The disclosure for this sale can be found here. Insiders sold a total of 116,250 shares of company stock valued at $14,752,120 in the last quarter. 1.60% of the stock is currently owned by company insiders.

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Alexandria Real Estate Equities Company 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.

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

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