Alexandria Real Estate Equities Inc (ARE) Shares Obtained by Alliancebernstein L.P.

Alexandria Real Estate Equities Inc (ARE) Shares Obtained by Alliancebernstein L.P.

Alliancebernstein L.P. increased its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 56.6% during the first quarter, Holdings Channel reports. The fund owned 445,590 shares of the real estate investment trust’s stock after buying an additional 161,138 shares during the period. Alliancebernstein L.P.’s holdings in Alexandria Real Estate Equities were worth $49,247,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Alexandria Real Estate Equities by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock worth $593,000 after buying an additional 57 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the last quarter. Stifel Financial Corp raised its position in shares of Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 100 shares during the last quarter. Finally, Atria Investments LLC raised its position in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares during the last quarter. Institutional investors own 97.06% of the company’s stock.

Alexandria Real Estate Equities Inc (NYSE:ARE) traded up 1.78% during midday trading on Friday, hitting $120.04. 796,785 shares of the company were exchanged. The firm’s 50-day moving average price is $115.44 and its 200-day moving average price is $112.63. Alexandria Real Estate Equities Inc has a one year low of $96.04 and a one year high of $120.96. The stock’s market capitalization is $10.93 billion.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $270.90 million for the quarter, compared to the consensus estimate of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 8.78% and a negative return on equity of 0.78%. The company’s revenue for the quarter was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 EPS. Equities research analysts anticipate that Alexandria Real Estate Equities Inc will post $1.62 earnings per share for the current year.

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Barclays PLC upped their target price on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. Evercore ISI lowered shares of Alexandria Real Estate Equities to a “buy” rating in a research report on Friday, March 3rd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, February 3rd. Finally, Mizuho reiterated a “buy” rating and set a $125.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $118.88.

In related news, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total value of $881,325.00. Following the completion of the sale, the chief operating officer now directly owns 108,472 shares in the company, valued at approximately $12,746,544.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joel S. Marcus sold 9,500 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $110.37, for a total value of $1,048,515.00. Following the completion of the sale, the chief executive officer now owns 707,619 shares of the company’s stock, valued at $78,099,909.03. The disclosure for this sale can be found here. Insiders sold a total of 72,424 shares of company stock worth $8,125,229 in the last 90 days. Corporate insiders own 1.60% of the company’s stock.

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 space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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