First Trust Advisors LP increased its position in Alexandria Real Estate Equities Inc. (NYSE:ARE) by 196.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,992 shares of the real estate investment trust’s stock after buying an additional 78,916 shares during the period. First Trust Advisors LP owned 0.15% of Alexandria Real Estate Equities worth $12,943,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Cohen & Steers Inc. raised its stake in shares of Alexandria Real Estate Equities by 232.7% in the second quarter. Cohen & Steers Inc. now owns 6,391,651 shares of the real estate investment trust’s stock worth $661,664,000 after buying an additional 4,470,369 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 415.1% in the second quarter. Daiwa Securities Group Inc. now owns 2,538,395 shares of the real estate investment trust’s stock worth $262,775,000 after buying an additional 2,045,619 shares during the last quarter. Standard Life Investments LTD raised its stake in shares of Alexandria Real Estate Equities by 1,021.2% in the third quarter. Standard Life Investments LTD now owns 1,080,739 shares of the real estate investment trust’s stock worth $117,579,000 after buying an additional 984,349 shares during the last quarter. State Street Corp raised its stake in shares of Alexandria Real Estate Equities by 16.3% in the second quarter. State Street Corp now owns 3,570,765 shares of the real estate investment trust’s stock worth $369,642,000 after buying an additional 499,742 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Alexandria Real Estate Equities by 3.8% in the second quarter. Vanguard Group Inc. now owns 11,285,339 shares of the real estate investment trust’s stock worth $1,168,257,000 after buying an additional 408,368 shares during the last quarter. Institutional investors and hedge funds own 98.49% of the company’s stock.

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

Shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) traded down 1.983% on Wednesday, hitting $109.505. 327,958 shares of the stock were exchanged. The stock’s 50-day moving average is $106.33 and its 200-day moving average is $105.32. Alexandria Real Estate Equities Inc. has a 1-year low of $70.69 and a 1-year high of $114.67. The stock’s market cap is $8.70 billion.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, November 1st. The real estate investment trust reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.01. Alexandria Real Estate Equities had a negative net margin of 6.05% and a negative return on equity of 1.37%. The company had revenue of $230.38 million for the quarter, compared to analyst estimates of $165.66 million. During the same period in the prior year, the firm posted $1.33 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Analysts forecast that Alexandria Real Estate Equities Inc. will post $5.52 earnings per share for the current year.

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A number of equities research analysts recently commented on ARE shares. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Friday, August 19th. Barclays PLC raised their price objective on shares of Alexandria Real Estate Equities from $113.00 to $121.00 and gave the stock an “overweight” rating in a report on Tuesday, August 23rd. RBC Capital Markets restated an “outperform” rating and set a $120.00 price objective (up from $105.00) on shares of Alexandria Real Estate Equities in a report on Thursday, August 4th. BTIG Research began coverage on shares of Alexandria Real Estate Equities in a research note on Thursday, August 25th. They issued a “buy” rating and a $124.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on shares of Alexandria Real Estate Equities from $104.00 to $111.00 and gave the company an “overweight” rating in a research note on Tuesday, August 16th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and a consensus target price of $117.00.

In related news, EVP Daniel J. Ryan sold 7,500 shares of the stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $102.53, for a total transaction of $768,975.00. Following the transaction, the executive vice president now directly owns 84,700 shares of the company’s stock, valued at $8,684,291. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Andrews sold 10,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $110.75, for a total transaction of $1,107,500.00. Following the transaction, the executive vice president now directly owns 139,600 shares in the company, valued at $15,460,700. The disclosure for this sale can be found here. Corporate 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 office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

5 Day Chart for NYSE:ARE

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