Alexandria Real Estate Equities Inc (ARE) Shares Sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX trimmed its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,220 shares of the real estate investment trust’s stock after selling 1,877 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Alexandria Real Estate Equities were worth $1,988,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Piedmont Investment Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 0.3% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 8 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of Alexandria Real Estate Equities by 1.2% in the 2nd 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. raised its holdings in shares of Alexandria Real Estate Equities by 4.6% in the 2nd 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. Millie Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 0.8% in the 2nd 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. Finally, Muzinich & Co. Inc. raised its holdings in shares of Alexandria Real Estate Equities by 30.4% in the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 220 shares during the period. 95.99% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Bank of America raised their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Canaccord Genuity restated a “buy” rating and set a $20.37 price objective on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Finally, National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $20.00 to $18.00 in a 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’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average price target of $100.62.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 27,500 shares of the business’s 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 transaction, the chief executive officer now owns 623,936 shares in the company, valued at $80,862,105.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $125.26, for a total value of $626,300.00. Following the completion of the transaction, the executive vice president now owns 146,916 shares in the company, valued at approximately $18,402,698.16. The disclosure for this sale can be found here. Insiders have sold 62,250 shares of company stock worth $7,986,230 in the last quarter. 1.51% of the stock is currently owned by corporate insiders.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $127.32 on Tuesday. Alexandria Real Estate Equities Inc has a 12 month low of $106.89 and a 12 month high of $134.37. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $13,612.46, a price-to-earnings ratio of 144.68, a PEG ratio of 2.83 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 Zacks’ consensus estimate of $1.51 by ($0.96). The firm had revenue of $285.60 million during the quarter, compared to the consensus estimate of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 EPS. research analysts forecast that Alexandria Real Estate Equities Inc will post 6.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.90 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.83%. Alexandria Real Estate Equities’s payout ratio is currently 409.10%.

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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.

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

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