New Mexico Educational Retirement Board Sells 12,469 Shares of Alexandria Real Estate Equities Inc (ARE)

New Mexico Educational Retirement Board lessened its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 58.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,000 shares of the real estate investment trust’s stock after selling 12,469 shares during the period. New Mexico Educational Retirement Board’s holdings in Alexandria Real Estate Equities were worth $1,175,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ameritas Investment Partners Inc. increased its holdings in Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 25 shares in the last quarter. Aperio Group LLC grew its position in shares of Alexandria Real Estate Equities by 2.5% in the 4th quarter. Aperio Group LLC now owns 19,296 shares of the real estate investment trust’s stock valued at $2,520,000 after buying an additional 470 shares during the last quarter. Hartford Investment Management Co. grew its position in shares of Alexandria Real Estate Equities by 2.4% in the 3rd quarter. Hartford Investment Management Co. now owns 20,331 shares of the real estate investment trust’s stock valued at $2,419,000 after buying an additional 471 shares during the last quarter. BB&T Corp grew its position in shares of Alexandria Real Estate Equities by 3.6% in the 4th quarter. BB&T Corp now owns 13,877 shares of the real estate investment trust’s stock valued at $1,813,000 after buying an additional 484 shares during the last quarter. Finally, Quadrant Capital Management LLC grew its position in shares of Alexandria Real Estate Equities by 3.9% in the 3rd quarter. Quadrant Capital Management LLC now owns 13,159 shares of the real estate investment trust’s stock valued at $1,566,000 after buying an additional 494 shares during the last quarter. 98.50% of the stock is owned by institutional investors and hedge funds.

In related news, insider Peter M. Moglia sold 5,000 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $127.13, for a total transaction of $635,650.00. Following the sale, the insider now owns 116,867 shares in the company, valued at approximately $14,857,301.71. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 13,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $126.91, for a total value of $1,649,830.00. Following the sale, the chief executive officer now owns 651,436 shares in the company, valued at approximately $82,673,742.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 116,250 shares of company stock worth $14,717,370. 1.60% of the stock is owned by corporate insiders.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $118.43 on Thursday. Alexandria Real Estate Equities Inc has a 52-week low of $106.89 and a 52-week high of $134.37. The company has a market capitalization of $12,246.87, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.99 and a beta of 0.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.38.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $1.54 by ($1.16). Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. The business had revenue of $298.79 million for the quarter, compared to the consensus estimate of $293.63 million. During the same quarter in the previous year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. equities research analysts expect that Alexandria Real Estate Equities Inc will post 6.57 earnings per share for the current fiscal year.

A number of research firms have commented on ARE. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, February 12th. TheStreet lowered Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a research report on Friday, February 2nd. Barclays upped their price target on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 price target on the stock in a research report on Tuesday, January 23rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.37 price target on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $105.67.

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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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