Prudential Financial Inc. raised its stake in Alexandria Real Estate Equities Inc. (NYSE:ARE) by 1,042.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 711,607 shares of the real estate investment trust’s stock after buying an additional 649,320 shares during the period. Prudential Financial Inc. owned 0.91% of Alexandria Real Estate Equities worth $77,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Capital Analysts LLC raised its stake in Alexandria Real Estate Equities by 0.7% in the second quarter. Capital Analysts LLC now owns 1,018 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 7 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Alexandria Real Estate Equities by 2.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,030 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 21 shares in the last quarter. Solaris Asset Management LLC purchased a new stake in Alexandria Real Estate Equities during the third quarter worth $137,000. Tredje AP fonden purchased a new stake in Alexandria Real Estate Equities during the second quarter worth $146,000. Finally, Signaturefd LLC raised its stake in Alexandria Real Estate Equities by 13.9% in the second quarter. Signaturefd LLC now owns 1,481 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 181 shares in the last quarter. Institutional investors own 98.49% of the company’s stock.

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

Alexandria Real Estate Equities Inc. (NYSE:ARE) opened at 111.72 on Wednesday. The company has a 50 day moving average of $106.33 and a 200-day moving average of $105.32. The stock’s market cap is $8.87 billion. Alexandria Real Estate Equities Inc. has a 12-month low of $70.69 and a 12-month high of $114.67.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Tuesday, November 1st. The real estate investment trust reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 1.37% and a negative net margin of 6.05%. The business earned $230.38 million during the quarter, compared to analyst estimates of $165.66 million. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities 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 analysts have weighed in 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 for the company in a research note 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 company an “overweight” rating in a research note 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 research note on Thursday, August 4th. BTIG Research started coverage on shares of Alexandria Real Estate Equities in a research note on Thursday, August 25th. They set a “buy” rating and a $124.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $117.00.

In other news, EVP Thomas J. Andrews sold 10,000 shares of the stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $110.75, for a total value of $1,107,500.00. Following the completion of the sale, the executive vice president now owns 139,600 shares in the company, valued at $15,460,700. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Ryan sold 7,500 shares of the stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $102.53, for a total value of $768,975.00. Following the completion of the sale, the executive vice president now owns 84,700 shares of the company’s stock, valued at approximately $8,684,291. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

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 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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