Alexandria Real Estate Equities Inc (NYSE:ARE) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 5.5% during the second quarter, HoldingsChannel.com reports. The firm owned 1,385 shares of the real estate investment trust’s stock after selling 81 shares during the period. Moody Aldrich Partners LLC’s holdings in Alexandria Real Estate Equities were worth $225,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ARE. Bessemer Group Inc. grew its stake in shares of Alexandria Real Estate Equities by 125.3% during the 1st quarter. Bessemer Group Inc. now owns 205 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 114 shares during the period. Sowell Financial Services LLC grew its stake in shares of Alexandria Real Estate Equities by 194.7% during the 1st quarter. Sowell Financial Services LLC now owns 221 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 146 shares during the period. NEXT Financial Group Inc grew its stake in shares of Alexandria Real Estate Equities by 209.2% during the 1st quarter. NEXT Financial Group Inc now owns 235 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 159 shares during the period. Clean Yield Group acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth $34,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth $34,000. 91.43% of the stock is currently owned by institutional investors and hedge funds.

ARE has been the topic of a number of recent analyst reports. JMP Securities assumed coverage on shares of Alexandria Real Estate Equities in a research note on Monday, June 8th. They set an “outperform” rating and a $185.00 price target on the stock. Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $195.00 to $163.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Royal Bank of Canada increased their price objective on shares of Alexandria Real Estate Equities from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, June 10th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $161.00 price objective on the stock in a research note on Thursday, May 28th. Finally, CIBC lowered their price objective on shares of Alexandria Real Estate Equities from $24.00 to $20.00 and set an “outperformer” rating on the stock in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $146.25.

In other news, CAO Andres Gavinet sold 2,925 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $154.26, for a total transaction of $451,210.50. Following the transaction, the chief accounting officer now directly owns 44,146 shares in the company, valued at approximately $6,809,961.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Marc E. Binda sold 700 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $152.50, for a total transaction of $106,750.00. Following the transaction, the executive vice president now owns 49,972 shares in the company, valued at $7,620,730. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,303 shares of company stock worth $7,035,218. Insiders own 1.12% of the company’s stock.

NYSE:ARE traded up $1.42 on Friday, reaching $177.55. The stock had a trading volume of 840,272 shares, compared to its average volume of 885,741. The company has a market cap of $22.39 billion, a price-to-earnings ratio of 54.46, a P/E/G ratio of 5.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.37. The firm’s fifty day moving average is $165.26 and its two-hundred day moving average is $156.50. Alexandria Real Estate Equities Inc has a 12-month low of $109.22 and a 12-month high of $177.64.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 27th. The real estate investment trust reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.01. The company had revenue of $436.96 million for the quarter, compared to analyst estimates of $448.92 million. Alexandria Real Estate Equities had a net margin of 24.09% and a return on equity of 3.94%. The firm’s quarterly revenue was up 16.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities Inc will post 7.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $1.06 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.03. This represents a $4.24 annualized dividend and a dividend yield of 2.39%. The ex-dividend date was Monday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio is presently 60.92%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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