Mackay Shields LLC Takes Position in Alexandria Real Estate Equities Inc (ARE)

Mackay Shields LLC acquired a new stake in Alexandria Real Estate Equities Inc (NYSE:ARE) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,134 shares of the real estate investment trust’s stock, valued at approximately $2,140,000.

Other large investors also recently modified their holdings of the company. We Are One Seven LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $148,000. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Alexandria Real Estate Equities by 54.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,198 shares of the real estate investment trust’s stock valued at $150,000 after acquiring an additional 421 shares in the last quarter. IFM Investors Pty Ltd purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $200,000. First Allied Advisory Services Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $203,000. Finally, V Wealth Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at $212,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Several analysts have recently issued reports on the company. TheStreet upgraded Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 price objective on the stock in a research report on Tuesday, January 23rd. 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 report on Tuesday, January 30th. Finally, ValuEngine downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $102.34.

NYSE ARE opened at $121.22 on Friday. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37. The stock has a market cap of $12.54 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 2.98 and a beta of 0.80. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.78.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, April 30th. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.27). Alexandria Real Estate Equities had a return on equity of 4.26% and a net margin of 22.13%. The business had revenue of $320.10 million for the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter last year, the company posted $1.48 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. equities analysts anticipate that Alexandria Real Estate Equities Inc will post 6.58 EPS for the current year.

In other news, CEO Stephen Richardson sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $129.01, for a total value of $1,290,100.00. Following the transaction, the chief executive officer now directly owns 123,972 shares in the company, valued at approximately $15,993,627.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Jennifer Banks sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the completion of the transaction, the chief operating officer now owns 50,419 shares in the company, valued at $6,554,470. The disclosure for this sale can be found here. Insiders have sold 90,618 shares of company stock worth $11,609,144 over the last quarter. 1.41% of the stock is currently owned by company insiders.

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.

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

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