Global X Management Co. LLC Sells 518 Shares of Alexandria Real Estate Equities Inc (ARE)

Global X Management Co. LLC cut its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 16.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,711 shares of the real estate investment trust’s stock after selling 518 shares during the quarter. Global X Management Co. LLC’s holdings in Alexandria Real Estate Equities were worth $354,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ARE. IFM Investors Pty Ltd purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $200,000. V Wealth Management LLC purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $212,000. Conning Inc. purchased a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at $225,000. Fox Run Management L.L.C. purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $226,000. Finally, California Capital Advisors Inc. purchased a new position in shares of Alexandria Real Estate Equities in the third quarter valued at $232,000. Institutional investors own 98.50% of the company’s stock.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $122.65 on Friday. The stock has a market capitalization of $12,145.63, a price-to-earnings ratio of 19.93, a P/E/G ratio of 2.96 and a beta of 0.79. 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 debt-to-equity ratio of 0.74, a quick ratio of 0.38 and a current ratio of 0.38.

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

In related news, CEO Joel S. Marcus sold 30,000 shares of Alexandria Real Estate Equities stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $125.37, for a total transaction of $3,761,100.00. Following the completion of the sale, the chief executive officer now owns 671,358 shares of the company’s stock, valued at $84,168,152.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joel S. Marcus sold 13,000 shares of Alexandria Real Estate Equities stock in a transaction on 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 directly 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. Insiders have sold 111,250 shares of company stock valued at $14,081,720 in the last three months. 1.60% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on ARE shares. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Monday, December 4th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a research report on Tuesday, January 23rd. 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. Barclays lifted 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. Finally, TheStreet lowered Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target 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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