Cypress Asset Management Inc. TX Reduced Holding in Alexandria Real Estate Equities Inc (ARE)

Cypress Asset Management Inc. TX Reduced Holding in Alexandria Real Estate Equities Inc (ARE)

Cypress Asset Management Inc. TX reduced its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 20,382 shares of the real estate investment trust’s stock after selling 652 shares during the period. Cypress Asset Management Inc. TX’s holdings in Alexandria Real Estate Equities were worth $2,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. First Personal Financial Services boosted its position in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted 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 valued at $115,000 after buying an additional 41 shares during the last quarter. NCM Capital Advisers Inc. boosted its position in shares of Alexandria Real Estate Equities by 961.9% in the third quarter. NCM Capital Advisers Inc. now owns 1,200 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,087 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Alexandria Real Estate Equities during the fourth quarter valued at about $166,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the first quarter valued at about $179,000. 97.06% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Inc (ARE) traded up 1.78% on Friday, hitting $120.04. The stock had a trading volume of 796,955 shares. The company’s market cap is $10.93 billion. Alexandria Real Estate Equities Inc has a 52-week low of $96.04 and a 52-week high of $120.96. The company has a 50 day moving average price of $115.64 and a 200-day moving average price of $112.73.

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

Several brokerages have issued reports on ARE. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Mizuho reissued a “buy” rating and issued a $125.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, March 20th. Evercore ISI cut Alexandria Real Estate Equities to a “buy” rating in a research report on Friday, March 3rd. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Finally, Barclays PLC raised their target price on 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $118.88.

In other news, CEO Joel S. Marcus sold 9,500 shares of the company’s 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 sale, the chief executive officer now owns 707,619 shares in the company, valued at $78,099,909.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James H. Richardson sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $117.89, for a total value of $471,560.00. Following the completion of the sale, the director now owns 61,000 shares in the company, valued at approximately $7,191,290. The disclosure for this sale can be found here. Insiders sold 72,424 shares of company stock worth $8,125,229 in the last 90 days. Company insiders own 1.60% of the company’s stock.

About Alexandria Real Estate Equities

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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