Hartford Investment Management Co. Has $2.42 Million Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Hartford Investment Management Co. grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,331 shares of the real estate investment trust’s stock after acquiring an additional 471 shares during the period. Hartford Investment Management Co.’s holdings in Alexandria Real Estate Equities were worth $2,419,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BB&T Securities LLC grew its holdings in shares of Alexandria Real Estate Equities by 134.5% during the third quarter. BB&T Securities LLC now owns 28,886 shares of the real estate investment trust’s stock valued at $3,436,000 after buying an additional 16,566 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Alexandria Real Estate Equities by 9.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,001,212 shares of the real estate investment trust’s stock worth $119,115,000 after buying an additional 86,510 shares during the period. WINTON GROUP Ltd boosted its stake in Alexandria Real Estate Equities by 914.7% during the third quarter. WINTON GROUP Ltd now owns 47,324 shares of the real estate investment trust’s stock worth $5,630,000 after buying an additional 42,660 shares during the period. Amalgamated Bank boosted its stake in Alexandria Real Estate Equities by 5.4% during the third quarter. Amalgamated Bank now owns 18,209 shares of the real estate investment trust’s stock worth $2,166,000 after buying an additional 928 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 28.7% during the third quarter. Cadence Capital Management LLC now owns 5,687 shares of the real estate investment trust’s stock worth $677,000 after buying an additional 1,268 shares during the period.

Several research analysts have weighed in on ARE shares. BidaskClub lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $113.17.

In related news, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were 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 owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Peter M. Moglia sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $127.13, for a total transaction of $635,650.00. Following the completion of the sale, the insider now directly owns 116,867 shares in the company, valued at approximately $14,857,301.71. The disclosure for this sale can be found here. In the last three months, insiders sold 58,000 shares of company stock valued at $7,127,630. Insiders own 1.51% of the company’s stock.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded up $0.34 during midday trading on Tuesday, hitting $129.03. 837,500 shares of the stock traded hands, compared to its average volume of 724,619. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. Alexandria Real Estate Equities, Inc. has a twelve month low of $105.74 and a twelve month high of $130.46. The stock has a market capitalization of $12,317.93, a price-to-earnings ratio of 21.77, a price-to-earnings-growth ratio of 3.55 and a beta of 0.84.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data 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). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The business had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. During the same period in the previous year, the business posted $1.39 EPS. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.02 EPS for the current fiscal year.

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Alexandria Real Estate Equities Company Profile

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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