Nomura Asset Management Co. Ltd. Grows Stake in Alexandria Real Estate Equities Inc (ARE)

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Nomura Asset Management Co. Ltd. grew its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 4.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 83,438 shares of the real estate investment trust’s stock after acquiring an additional 3,410 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.08% of Alexandria Real Estate Equities worth $10,496,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Advisors Preferred LLC lifted its stake in shares of Alexandria Real Estate Equities by 142.3% during the 2nd quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 505 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $164,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $177,000. Advisor Partners LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $205,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $206,000. 99.24% of the stock is owned by hedge funds and other institutional investors.

NYSE ARE opened at $121.83 on Friday. Alexandria Real Estate Equities Inc has a 1 year low of $114.00 and a 1 year high of $134.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $13.26 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.93 and a beta of 0.69.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $1.50. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $343.42 million. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current fiscal year.

ARE has been the topic of a number of recent research reports. Citigroup upped their price target on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Monday, October 29th. Finally, Evercore ISI set a $148.00 target price on shares of Alexandria Real Estate Equities and gave the stock a “buy” rating in a research note on Monday, October 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and an average price target of $121.17.

In other news, Director James P. Cain sold 450 shares of the firm’s stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $122.23, for a total transaction of $55,003.50. Following the sale, the director now owns 3,040 shares in the company, valued at approximately $371,579.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Joel S. Marcus sold 10,000 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $128.38, for a total transaction of $1,283,800.00. Following the sale, the chairman now owns 572,255 shares in the company, valued at approximately $73,466,096.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,450 shares of company stock worth $6,519,984. Corporate insiders own 1.41% of the company’s stock.

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Alexandria Real Estate Equities 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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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

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