Alexandria Real Estate Equities Inc (ARE) Position Raised by Toronto Dominion Bank

Toronto Dominion Bank boosted its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 53.8% in the first quarter, Holdings Channel reports. The firm owned 105,455 shares of the real estate investment trust’s stock after acquiring an additional 36,894 shares during the period. Toronto Dominion Bank’s holdings in Alexandria Real Estate Equities were worth $15,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $32,000. We Are One Seven LLC bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $59,000. SRS Capital Advisors Inc. increased its holdings in Alexandria Real Estate Equities by 53.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 239 shares during the last quarter. Loeb Partners Corp bought a new stake in Alexandria Real Estate Equities in the fourth quarter valued at about $115,000. Finally, ETF Managers Group LLC increased its holdings in Alexandria Real Estate Equities by 18.6% in the fourth quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

NYSE:ARE traded up $0.13 on Friday, reaching $146.61. The company’s stock had a trading volume of 5,345 shares, compared to its average volume of 669,907. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $147.59. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71. The stock has a market cap of $16.44 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 4.85 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.57). Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The business had revenue of $358.80 million during the quarter, compared to analyst estimates of $356.93 million. During the same period in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. Sell-side analysts forecast that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current year.

A number of equities research analysts recently commented on the company. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday. Barclays cut Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $130.00 to $136.00 in a research note on Thursday, April 4th. Canaccord Genuity reissued an “average” rating and issued a $25.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Finally, Mitsubishi UFJ Financial Group boosted their target price on Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a research note on Thursday, March 7th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $111.38.

In other news, Director Richard Hunter Klein sold 227 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $142.00, for a total transaction of $32,234.00. Following the completion of the transaction, the director now directly owns 10,390 shares of the company’s stock, valued at $1,475,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Joel S. Marcus sold 15,000 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $142.03, for a total value of $2,130,450.00. Following the transaction, the insider now directly owns 509,212 shares of the company’s stock, valued at $72,323,380.36. The disclosure for this sale can be found here. Insiders have sold 77,551 shares of company stock valued at $10,899,815 over the last ninety days. 1.43% of the stock is owned by insiders.

WARNING: This report was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://transcriptdaily.com/2019/05/17/alexandria-real-estate-equities-inc-are-position-raised-by-toronto-dominion-bank.html.

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.

Featured Story: Correction

Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities Inc (NYSE:ARE).

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.