Kayne Anderson Rudnick Investment Management LLC Has $2.18 Million Stake in Alexandria Real Estate Equities Inc (ARE)

Kayne Anderson Rudnick Investment Management LLC reduced its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 22.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,442 shares of the real estate investment trust’s stock after selling 5,008 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Alexandria Real Estate Equities were worth $2,178,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 4.5% in the 1st quarter. BlackRock Inc. now owns 10,623,777 shares of the real estate investment trust’s stock valued at $1,326,803,000 after purchasing an additional 460,403 shares during the last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of Alexandria Real Estate Equities by 16.3% in the 4th quarter. Cbre Clarion Securities LLC now owns 3,075,993 shares of the real estate investment trust’s stock valued at $401,694,000 after purchasing an additional 431,156 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Alexandria Real Estate Equities by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,434,839 shares of the real estate investment trust’s stock valued at $317,965,000 after purchasing an additional 73,307 shares during the last quarter. PGGM Investments lifted its holdings in shares of Alexandria Real Estate Equities by 10.7% in the 4th quarter. PGGM Investments now owns 2,163,000 shares of the real estate investment trust’s stock valued at $282,466,000 after purchasing an additional 209,900 shares during the last quarter. Finally, Centersquare Investment Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at about $194,069,000. 98.98% of the stock is owned by institutional investors and hedge funds.

ARE opened at $123.50 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.78. The company has a market cap of $12.72 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 3.02 and a beta of 0.80. Alexandria Real Estate Equities Inc has a 52 week low of $114.00 and a 52 week high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $1.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.27). The company had revenue of $320.10 million for the quarter, compared to analysts’ expectations of $317.63 million. Alexandria Real Estate Equities had a net margin of 22.13% and a return on equity of 4.26%. The firm’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. equities research analysts expect that Alexandria Real Estate Equities Inc will post 6.59 earnings per share for the current fiscal year.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 3,250 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $123.17, for a total transaction of $400,302.50. Following the transaction, the chief operating officer now owns 128,722 shares in the company, valued at approximately $15,854,688.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Banks sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the transaction, the chief operating officer now owns 50,419 shares in the company, valued at approximately $6,554,470. The disclosure for this sale can be found here. Insiders have sold a total of 95,618 shares of company stock worth $12,219,844 in the last quarter. 1.41% of the stock is currently owned by insiders.

ARE has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, February 12th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Monday, April 16th. TheStreet downgraded Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Barclays upped their price objective on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research note on Tuesday, January 30th. Finally, ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $105.92.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $17.9 billion and an asset base in North America of 30.2 million SF as of March 31, 2018.

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

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