Quantinno Capital Management LP Has $34.72 Million Position in Alexandria Real Estate Equities, Inc. $ARE

Quantinno Capital Management LP raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 79.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 747,919 shares of the real estate investment trust’s stock after purchasing an additional 332,006 shares during the period. Quantinno Capital Management LP’s holdings in Alexandria Real Estate Equities were worth $34,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. BOKF NA raised its position in Alexandria Real Estate Equities by 6,033.3% in the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth approximately $30,000. CIBC Private Wealth Group LLC lifted its position in shares of Alexandria Real Estate Equities by 109.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 228 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Finally, Quarry LP acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $62,000. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ARE shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Mizuho lowered their target price on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, July 6th. Royal Bank Of Canada dropped their target price on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Cantor Fitzgerald cut their price target on shares of Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Finally, Evercore boosted their price target on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $51.08.

Alexandria Real Estate Equities Trading Down 2.2%

Shares of ARE opened at $52.56 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The company has a market cap of $9.16 billion, a price-to-earnings ratio of -8.38, a PEG ratio of 6.55 and a beta of 1.17. The stock has a fifty day moving average price of $50.99 and a two-hundred day moving average price of $50.39. Alexandria Real Estate Equities, Inc. has a 52-week low of $39.41 and a 52-week high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, hitting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The company had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. During the same quarter in the prior year, the business earned $2.30 earnings per share. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. Analysts predict that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.5%. Alexandria Real Estate Equities’s dividend payout ratio is -45.93%.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total transaction of $108,000.00. Following the sale, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus bought 7,500 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was bought at an average cost of $42.72 per share, with a total value of $320,400.00. Following the completion of the purchase, the chairman owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. The trade was a 1.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is owned by corporate insiders.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.