Bank of Montreal Can Boosts Position in Alexandria Real Estate Equities Inc (ARE)

Bank of Montreal Can boosted its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 156.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 374,630 shares of the real estate investment trust’s stock after purchasing an additional 228,688 shares during the period. Bank of Montreal Can owned about 0.37% of Alexandria Real Estate Equities worth $48,924,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank increased its holdings in Alexandria Real Estate Equities by 14.9% in the 3rd quarter. Toronto Dominion Bank now owns 35,406 shares of the real estate investment trust’s stock valued at $4,211,000 after purchasing an additional 4,581 shares during the last quarter. Green Street Investors LLC acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at approximately $2,736,000. Westfield Capital Management Co. LP increased its holdings in Alexandria Real Estate Equities by 28.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 888,435 shares of the real estate investment trust’s stock valued at $105,697,000 after purchasing an additional 196,501 shares during the last quarter. Shelton Capital Management acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $566,000. Finally, Swiss National Bank increased its holdings in Alexandria Real Estate Equities by 3.7% in the 3rd quarter. Swiss National Bank now owns 335,800 shares of the real estate investment trust’s stock valued at $39,950,000 after purchasing an additional 12,000 shares during the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.

Alexandria Real Estate Equities Inc (ARE) opened at $125.95 on Friday. The company has a market cap of $12,060.00, a price-to-earnings ratio of 143.13, a price-to-earnings-growth ratio of 2.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities Inc has a 12 month low of $106.89 and a 12 month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). The business had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.95% and a net margin of 20.87%. The business’s revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.39 EPS. sell-side analysts forecast that Alexandria Real Estate Equities Inc will post 6.02 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a $0.90 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date was Thursday, December 28th. This represents a $3.60 annualized dividend and a dividend yield of 2.86%. Alexandria Real Estate Equities’s payout ratio is 409.09%.

Several analysts recently weighed in on ARE shares. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Royal Bank of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $20.37 price target on shares of Alexandria Real Estate Equities in a research note on Monday, December 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $100.62.

In related news, COO Stephen Richardson sold 5,000 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $128.78, for a total transaction of $643,900.00. Following the completion of the transaction, the chief operating officer now owns 131,972 shares in the company, valued at $16,995,354.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 13,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the transaction, the chief executive officer now owns 651,436 shares of the company’s stock, valued at approximately $82,673,742.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,250 shares of company stock valued at $7,986,230. Insiders own 1.60% of the company’s stock.

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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.

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

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