Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) by 31.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,867 shares of the real estate investment trust’s stock after selling 29,184 shares during the quarter. Bank of Montreal Can’s holdings in Alexandria Real Estate Equities were worth $12,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $3,007,227,000. JPMorgan Chase & Co. raised its position in shares of Alexandria Real Estate Equities by 45.6% during the 1st quarter. JPMorgan Chase & Co. now owns 4,417,362 shares of the real estate investment trust’s stock worth $888,995,000 after purchasing an additional 1,383,240 shares during the period. Parnassus Investments LLC raised its position in shares of Alexandria Real Estate Equities by 41.1% during the 1st quarter. Parnassus Investments LLC now owns 3,459,409 shares of the real estate investment trust’s stock worth $696,206,000 after purchasing an additional 1,008,054 shares during the period. BlackRock Inc. raised its position in shares of Alexandria Real Estate Equities by 6.0% during the 4th quarter. BlackRock Inc. now owns 14,913,187 shares of the real estate investment trust’s stock worth $3,325,044,000 after purchasing an additional 842,831 shares during the period. Finally, State Street Corp raised its position in shares of Alexandria Real Estate Equities by 9.9% during the 4th quarter. State Street Corp now owns 9,128,518 shares of the real estate investment trust’s stock worth $2,045,623,000 after purchasing an additional 822,034 shares during the period. Institutional investors and hedge funds own 91.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ARE. Mizuho dropped their price target on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Credit Suisse Group began coverage on Alexandria Real Estate Equities in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 target price on the stock. JMP Securities lowered their target price on Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, StockNews.com cut Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Saturday, August 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $186.25.

Alexandria Real Estate Equities Stock Down 0.9 %

ARE opened at $150.39 on Tuesday. The stock’s 50 day moving average price is $154.44 and its 200 day moving average price is $170.67. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market cap of $24.54 billion, a P/E ratio of 81.29, a P/E/G ratio of 2.32 and a beta of 0.93. Alexandria Real Estate Equities, Inc. has a 12 month low of $130.00 and a 12 month high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last issued its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $1.01. The firm had revenue of $643.80 million during the quarter, compared to analyst estimates of $633.13 million. Alexandria Real Estate Equities had a return on equity of 1.93% and a net margin of 12.54%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the company posted $1.93 EPS. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 8.41 earnings per share for the current year.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria purchased 3,500,000 shares of the firm’s stock in a transaction on Monday, June 27th. The stock was purchased at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the purchase, the insider now owns 4,555,077 shares in the company, valued at approximately $4,555,077. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, June 27th. The stock was acquired at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the purchase, the insider now directly owns 4,555,077 shares in the company, valued at approximately $4,555,077. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Maria C. Freire sold 2,311 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $163.04, for a total value of $376,785.44. Following the sale, the director now directly owns 3,000 shares of the company’s stock, valued at $489,120. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

About Alexandria Real Estate Equities

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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

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