Alexandria Real Estate Equities Inc (NYSE:ARE) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 0.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,452 shares of the real estate investment trust’s stock after selling 80 shares during the period. CIBC Asset Management Inc’s holdings in Alexandria Real Estate Equities were worth $1,456,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in Alexandria Real Estate Equities by 2.3% during the second quarter. Vanguard Group Inc. now owns 18,278,737 shares of the real estate investment trust’s stock worth $2,578,947,000 after buying an additional 414,930 shares in the last quarter. Northern Trust Corp boosted its holdings in Alexandria Real Estate Equities by 4.4% during the second quarter. Northern Trust Corp now owns 1,943,866 shares of the real estate investment trust’s stock worth $274,261,000 after buying an additional 81,169 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Alexandria Real Estate Equities by 179.1% during the second quarter. Nuveen Asset Management LLC now owns 1,711,959 shares of the real estate investment trust’s stock worth $241,541,000 after buying an additional 1,098,573 shares in the last quarter. Resolution Capital Ltd boosted its holdings in Alexandria Real Estate Equities by 9.8% during the second quarter. Resolution Capital Ltd now owns 1,665,066 shares of the real estate investment trust’s stock worth $234,924,000 after buying an additional 148,349 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Alexandria Real Estate Equities by 2.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,583,536 shares of the real estate investment trust’s stock worth $223,421,000 after buying an additional 38,475 shares in the last quarter. 98.68% of the stock is currently owned by hedge funds and other institutional investors.

ARE opened at $155.01 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.76. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 4.68 and a beta of 0.71. Alexandria Real Estate Equities Inc has a 52-week low of $109.04 and a 52-week high of $160.25. The firm’s fifty day simple moving average is $155.22 and its two-hundred day simple moving average is $148.22.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.75 by ($2.19). The company had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $389.99 million. Alexandria Real Estate Equities had a net margin of 9.29% and a return on equity of 1.63%. The business’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share. On average, research analysts forecast that Alexandria Real Estate Equities Inc will post 6.97 EPS for the current year.

The business also recently disclosed a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.00 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend was Friday, September 27th. Alexandria Real Estate Equities’s payout ratio is 60.61%.

A number of analysts recently issued reports on the stock. Barclays set a $153.00 price target on shares of Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Friday, October 11th. GMP Securities reissued an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. DA Davidson increased their price target on shares of Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup increased their price target on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $105.73.

In other Alexandria Real Estate Equities news, EVP John H. Cunningham sold 6,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $144.00, for a total transaction of $864,000.00. Following the transaction, the executive vice president now directly owns 42,595 shares of the company’s stock, valued at $6,133,680. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Vincent Ciruzzi sold 5,933 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.20, for a total transaction of $897,069.60. Following the transaction, the insider now directly owns 39,499 shares in the company, valued at $5,972,248.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,183 shares of company stock worth $4,409,057. Insiders own 1.43% of the company’s stock.

Alexandria Real Estate Equities Company 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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