Monashee Investment Management LLC Takes $4.94 Million Position in Alexandria Real Estate Equities Inc (NYSE:ARE)

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Monashee Investment Management LLC acquired a new stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 35,000 shares of the real estate investment trust’s stock, valued at approximately $4,938,000. Alexandria Real Estate Equities comprises approximately 1.3% of Monashee Investment Management LLC’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also recently made changes to their positions in ARE. Dimensional Fund Advisors LP lifted its stake in Alexandria Real Estate Equities by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,610,388 shares of the real estate investment trust’s stock valued at $185,577,000 after acquiring an additional 48,268 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Alexandria Real Estate Equities by 11.0% in the fourth quarter. Geode Capital Management LLC now owns 1,694,216 shares of the real estate investment trust’s stock worth $194,957,000 after buying an additional 168,461 shares during the last quarter. Brinker Capital Inc. lifted its stake in shares of Alexandria Real Estate Equities by 88.9% in the first quarter. Brinker Capital Inc. now owns 5,760 shares of the real estate investment trust’s stock worth $823,000 after buying an additional 2,710 shares during the last quarter. Advisor Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities in the first quarter worth $249,000. Finally, Oppenheimer & Co. Inc. lifted its stake in shares of Alexandria Real Estate Equities by 39.6% in the first quarter. Oppenheimer & Co. Inc. now owns 7,755 shares of the real estate investment trust’s stock worth $1,105,000 after buying an additional 2,200 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Citigroup boosted their price objective on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. DA Davidson boosted their price objective on shares of Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. ValuEngine cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 13th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Alexandria Real Estate Equities presently has a consensus rating of “Hold” and a consensus target price of $115.36.

NYSE:ARE traded up $0.02 during trading hours on Tuesday, hitting $147.27. 150,921 shares of the company traded hands, compared to its average volume of 664,596. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 4.41 and a beta of 0.74. Alexandria Real Estate Equities Inc has a twelve month low of $109.04 and a twelve month high of $153.51. The firm has a 50-day moving average of $145.24 and a 200 day moving average of $142.92. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.76.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.04). The company had revenue of $373.90 million for the quarter, compared to analyst estimates of $366.81 million. Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. Alexandria Real Estate Equities’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. Equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current fiscal year.

In related news, EVP Marc E. Binda sold 3,775 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $146.70, for a total transaction of $553,792.50. Following the completion of the transaction, the executive vice president now directly owns 35,794 shares in the company, valued at approximately $5,250,979.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James P. Cain sold 450 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $139.82, for a total transaction of $62,919.00. Following the transaction, the director now owns 3,506 shares of the company’s stock, valued at $490,208.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,500 shares of company stock valued at $10,957,978. Corporate insiders own 1.43% of the company’s stock.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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

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