Cubist Systematic Strategies LLC Trims Stake in Alexandria Real Estate Equities Inc (ARE)

Cubist Systematic Strategies LLC trimmed its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 32.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,959 shares of the real estate investment trust’s stock after selling 941 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Alexandria Real Estate Equities were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 0.3% in the second quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 8 shares during the period. Ameritas Investment Partners Inc. lifted its position in Alexandria Real Estate Equities by 1.2% in the second 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 during the period. D.A. Davidson & CO. lifted its position in Alexandria Real Estate Equities by 4.6% in the second quarter. D.A. Davidson & CO. now owns 3,861 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 169 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Alexandria Real Estate Equities by 2.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,766 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 173 shares during the period. Finally, Millie Capital Management LLC lifted its position in Alexandria Real Estate Equities by 0.8% in the second quarter. Millie Capital Management LLC now owns 23,973 shares of the real estate investment trust’s stock worth $2,888,000 after purchasing an additional 186 shares during the period.

Shares of Alexandria Real Estate Equities Inc (ARE) opened at $127.28 on Tuesday. Alexandria Real Estate Equities Inc has a 12 month low of $106.89 and a 12 month high of $134.37. The firm has a market capitalization of $12,180.00, a price-to-earnings ratio of 144.64 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ 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 analyst estimates of $286.11 million. During the same quarter last year, the business posted $1.39 earnings per share. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. sell-side analysts predict that Alexandria Real Estate Equities Inc will post 6.02 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.90 dividend. The ex-dividend date is Thursday, December 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.83%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 409.09%.

Several research analysts recently commented on ARE shares. Bank of America raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Monday, December 4th. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.37 target price on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Zacks Investment Research raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Royal Bank of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Finally, National Bank Financial cut Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $99.91.

In related news, CEO Joel S. Marcus sold 27,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $129.60, for a total value of $3,564,000.00. Following the completion of the sale, the chief executive officer now directly owns 623,936 shares in the company, valued at $80,862,105.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $125.26, for a total value of $626,300.00. Following the completion of the sale, the executive vice president now owns 146,916 shares of the company’s stock, valued at $18,402,698.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,250 shares of company stock valued at $7,986,230. 1.51% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Cubist Systematic Strategies LLC Trims Stake in Alexandria Real Estate Equities Inc (ARE)” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.com-unik.info/2018/01/09/cubist-systematic-strategies-llc-trims-stake-in-alexandria-real-estate-equities-inc-are.html.

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.

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

What are top analysts saying about Alexandria Real Estate Equities? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alexandria Real Estate Equities and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit