Oppenheimer Asset Management Inc. lowered its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,288 shares of the real estate investment trust’s stock after selling 954 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Alexandria Real Estate Equities were worth $1,070,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. United Services Automobile Association increased its position in shares of Alexandria Real Estate Equities by 3.3% during the second quarter. United Services Automobile Association now owns 32,885 shares of the real estate investment trust’s stock valued at $4,149,000 after acquiring an additional 1,058 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $256,000. DNB Asset Management AS increased its position in shares of Alexandria Real Estate Equities by 4.6% during the third quarter. DNB Asset Management AS now owns 14,563 shares of the real estate investment trust’s stock valued at $1,832,000 after acquiring an additional 647 shares during the last quarter. Bank of Montreal Can increased its position in shares of Alexandria Real Estate Equities by 11.6% during the third quarter. Bank of Montreal Can now owns 402,083 shares of the real estate investment trust’s stock valued at $50,577,000 after acquiring an additional 41,685 shares during the last quarter. Finally, PGGM Investments increased its position in shares of Alexandria Real Estate Equities by 10.4% during the third quarter. PGGM Investments now owns 2,983,616 shares of the real estate investment trust’s stock valued at $375,309,000 after acquiring an additional 280,616 shares during the last quarter.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 7,500 shares of the stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $125.09, for a total transaction of $938,175.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joel S. Marcus sold 10,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were sold at an average price of $126.26, for a total value of $1,262,600.00. Following the transaction, the insider now directly owns 537,255 shares of the company’s stock, valued at $67,833,816.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,500 shares of company stock valued at $3,447,075. 1.41% of the stock is owned by corporate insiders.

Shares of NYSE ARE opened at $132.37 on Friday. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $133.00. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 3.15 and a beta of 0.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.29 and a quick ratio of 0.27.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. The firm had revenue of $340.50 million for the quarter, compared to the consensus estimate of $348.01 million. During the same period last year, the company posted $1.53 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities Inc will post 6.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.93%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. The ex-dividend date was Friday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio is 58.79%.

ARE has been the subject of a number of research analyst reports. Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the company a “buy” rating in a research report on Monday, October 15th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a research report on Monday, October 29th. Citigroup raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and increased their price target for the company from $133.00 to $144.00 in a research report on Monday, December 3rd. Barclays decreased their price target on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating for the company in a research report on Monday, December 3rd. Finally, ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $108.88.

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Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust (“REIT”) uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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

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