Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by Adelante Capital Management LLC

Adelante Capital Management LLC lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 618,464 shares of the real estate investment trust’s stock after purchasing an additional 17,355 shares during the quarter. Alexandria Real Estate Equities accounts for about 4.1% of Adelante Capital Management LLC’s investment portfolio, making the stock its 8th largest holding. Adelante Capital Management LLC owned 0.65% of Alexandria Real Estate Equities worth $73,578,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Muzinich & Co. Inc. lifted its stake in Alexandria Real Estate Equities by 30.4% in the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 220 shares in the last quarter. Capital Analysts LLC purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter worth about $125,000. First Personal Financial Services lifted its stake in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 81 shares in the last quarter. Spirit of America Management Corp NY purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $154,000. Finally, Fox Run Management L.L.C. purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth about $226,000.

In other news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the completion of the sale, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at approximately $18,422,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the sale, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The disclosure for this sale can be found here. Insiders have sold a total of 58,000 shares of company stock valued at $7,127,630 over the last ninety days. Company insiders own 1.51% of the company’s stock.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded up $0.34 on Tuesday, hitting $129.03. The stock had a trading volume of 837,500 shares, compared to its average volume of 724,619. Alexandria Real Estate Equities, Inc. has a 52 week low of $105.74 and a 52 week high of $130.46. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market cap of $12,317.93, a P/E ratio of 21.77, a PEG ratio of 3.55 and a beta of 0.84.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. During the same period last year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current year.

ARE has been the subject of several research analyst reports. Zacks Investment Research raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Mizuho reissued a “buy” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Bank of America increased their price objective on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $113.17.

WARNING: “Alexandria Real Estate Equities, Inc. (ARE) Shares Bought by Adelante Capital Management LLC” was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/12/05/alexandria-real-estate-equities-inc-are-shares-bought-by-adelante-capital-management-llc.html.

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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE).

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

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

Leave a Reply