Nissay Asset Management Corp Japan ADV Acquires 383 Shares of Alexandria Real Estate Equities Inc (ARE)

Nissay Asset Management Corp Japan ADV raised its holdings in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,883 shares of the real estate investment trust’s stock after acquiring an additional 383 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Alexandria Real Estate Equities were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ARE. We Are One Seven LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $59,000. SRS Capital Advisors Inc. grew its holdings in shares of Alexandria Real Estate Equities by 53.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 239 shares in the last quarter. ETF Managers Group LLC grew its holdings in shares of Alexandria Real Estate Equities by 18.6% during the fourth quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock worth $123,000 after buying an additional 168 shares in the last quarter. Exane Derivatives grew its holdings in shares of Alexandria Real Estate Equities by 2,442.2% during the fourth quarter. Exane Derivatives now owns 1,627 shares of the real estate investment trust’s stock worth $187,000 after buying an additional 1,563 shares in the last quarter. Finally, Alethea Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $207,000. Hedge funds and other institutional investors own 97.51% of the company’s stock.

ARE opened at $135.49 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.29 and a current ratio of 0.29. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $136.19. The company has a market capitalization of $15.21 billion, a P/E ratio of 20.53, a P/E/G ratio of 4.43 and a beta of 0.91.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a return on equity of 5.28% and a net margin of 28.57%. The company had revenue of $340.50 million during the quarter, compared to analyst estimates of $348.01 million. During the same period in the prior year, the business posted $1.53 earnings per share. Alexandria Real Estate Equities’s revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.95 EPS for the current year.

In related news, CEO Stephen Richardson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $135.37, for a total value of $1,353,700.00. Following the sale, the chief executive officer now directly owns 182,475 shares of the company’s stock, valued at $24,701,640.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Dean A. Shigenaga sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $134.47, for a total transaction of $2,017,050.00. Following the completion of the sale, the chief financial officer now directly owns 133,565 shares in the company, valued at $17,960,485.55. The disclosure for this sale can be found here. Insiders sold 107,500 shares of company stock worth $14,137,425 over the last three months. Corporate insiders own 1.41% of the company’s stock.

A number of equities research analysts have recently commented on ARE shares. CIBC reiterated a “buy” rating and set a $23.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, January 15th. Royal Bank of Canada upgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a report on Friday, December 14th. Citigroup upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $133.00 to $144.00 in a report on Monday, December 3rd. ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Canaccord Genuity reiterated an “average” rating and set a $24.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, December 18th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $105.14.

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About Alexandria Real Estate Equities

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 $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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

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