Nuveen Asset Management LLC lowered its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 971,450 shares of the real estate investment trust’s stock after selling 114,514 shares during the quarter. Alexandria Real Estate Equities accounts for about 0.7% of Nuveen Asset Management LLC’s portfolio, making the stock its 18th largest position. Nuveen Asset Management LLC owned about 0.86% of Alexandria Real Estate Equities worth $111,950,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ARE. Citigroup Inc. lifted its position in Alexandria Real Estate Equities by 583.3% during the fourth quarter. Citigroup Inc. now owns 1,082,030 shares of the real estate investment trust’s stock valued at $124,693,000 after purchasing an additional 923,675 shares during the last quarter. Lasalle Investment Management Securities LLC lifted its position in Alexandria Real Estate Equities by 981.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 918,415 shares of the real estate investment trust’s stock valued at $105,838,000 after purchasing an additional 833,504 shares during the last quarter. Resolution Capital Ltd lifted its position in Alexandria Real Estate Equities by 61.3% during the fourth quarter. Resolution Capital Ltd now owns 1,499,119 shares of the real estate investment trust’s stock valued at $172,758,000 after purchasing an additional 570,005 shares during the last quarter. Bridgeway Capital Management Inc. bought a new position in Alexandria Real Estate Equities during the third quarter valued at $59,184,000. Finally, Vanguard Group Inc lifted its position in Alexandria Real Estate Equities by 2.3% during the third quarter. Vanguard Group Inc now owns 16,605,056 shares of the real estate investment trust’s stock valued at $2,088,750,000 after purchasing an additional 377,569 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Several research firms have commented on ARE. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Barclays lowered their price objective on shares of 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. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Canaccord Genuity reissued an “average” rating and issued a $25.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. Finally, Citigroup raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and increased their target price for the company from $133.00 to $144.00 in a research note on Monday, December 3rd. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus target price of $110.00.

In related news, Director James H. Richardson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $141.46, for a total value of $424,380.00. Following the transaction, the director now owns 48,000 shares of the company’s stock, valued at approximately $6,790,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joel S. Marcus sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $130.01, for a total transaction of $1,300,100.00. Following the completion of the transaction, the insider now directly owns 557,312 shares in the company, valued at approximately $72,456,133.12. The disclosure for this sale can be found here. Insiders sold a total of 90,000 shares of company stock worth $12,072,610 in the last ninety days. 1.41% of the stock is currently owned by insiders.

Shares of ARE opened at $140.22 on Tuesday. Alexandria Real Estate Equities Inc has a twelve month low of $109.04 and a twelve month high of $142.14. The firm has a market capitalization of $15.84 billion, a PE ratio of 21.25, a PEG ratio of 4.60 and a beta of 0.92. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.70.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $348.01 million. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Thursday, March 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 58.79%.

ILLEGAL ACTIVITY WARNING: “Nuveen Asset Management LLC Lowers Holdings in Alexandria Real Estate Equities Inc (ARE)” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2019/03/19/nuveen-asset-management-llc-lowers-holdings-in-alexandria-real-estate-equities-inc-are.html.

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 $18.4 billion and an asset base in North America of 33.1 million square feet ("SF") as of December 31, 2018.

See Also: What is a Derivative?

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.