Investec Asset Management LTD Has $1,168,000 Stake in Alexandria Real Estate Equities Inc (ARE)

Investec Asset Management LTD held its position in Alexandria Real Estate Equities Inc (NYSE:ARE) during the first quarter, Holdings Channel reports. The fund owned 10,569 shares of the real estate investment trust’s stock at the end of the first quarter. Investec Asset Management LTD’s holdings in Alexandria Real Estate Equities were worth $1,168,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares during the period. 1st Global Advisors Inc. increased its position in shares of Alexandria Real Estate Equities by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 57 shares during the period. Mn Services Vermogensbeheer B.V. increased its position in shares of Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the period. Stifel Financial Corp increased its position in shares of Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 100 shares during the period. Finally, Atria Investments LLC increased its position in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares during the period. 97.06% of the stock is currently owned by institutional investors.

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

Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) traded down 1.47% during midday trading on Tuesday, hitting $118.57. 618,406 shares of the company’s stock were exchanged. Alexandria Real Estate Equities Inc has a one year low of $96.13 and a one year high of $120.96. The firm’s market cap is $10.80 billion. The stock’s 50-day moving average price is $115.77 and its 200 day moving average price is $112.92.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The business had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 8.78% and a negative return on equity of 0.78%. The company’s revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.34 EPS. Equities research analysts forecast that Alexandria Real Estate Equities Inc will post $1.62 EPS for the current year.

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A number of equities analysts have commented on the stock. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Barclays PLC lifted their target price on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Evercore ISI downgraded shares of Alexandria Real Estate Equities to a “buy” rating in a research note on Friday, March 3rd. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Finally, Mizuho reaffirmed a “buy” rating and set a $125.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday, March 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $118.88.

In related news, CEO Joel S. Marcus sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $110.37, for a total value of $1,048,515.00. Following the transaction, the chief executive officer now owns 707,619 shares in the company, valued at $78,099,909.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James P. Cain sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $109.54, for a total transaction of $27,385.00. Following the completion of the transaction, the director now owns 3,128 shares in the company, valued at approximately $342,641.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,424 shares of company stock worth $8,125,229. Insiders own 1.60% of the company’s stock.

About Alexandria Real Estate Equities

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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