Alexandria Real Estate Equities Inc (NYSE:ARE) Shares Sold by Rampart Investment Management Company LLC

Rampart Investment Management Company LLC trimmed its stake in Alexandria Real Estate Equities Inc (NYSE:ARE) by 77.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,795 shares of the real estate investment trust’s stock after selling 9,654 shares during the period. Rampart Investment Management Company LLC’s holdings in Alexandria Real Estate Equities were worth $352,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its position in Alexandria Real Estate Equities by 3.0% during the 2nd quarter. BlackRock Inc. now owns 10,947,075 shares of the real estate investment trust’s stock valued at $1,381,196,000 after buying an additional 323,298 shares in the last quarter. PGGM Investments increased its holdings in shares of Alexandria Real Estate Equities by 10.4% in the third quarter. PGGM Investments now owns 2,983,616 shares of the real estate investment trust’s stock valued at $375,309,000 after purchasing an additional 280,616 shares during the period. Centersquare Investment Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 11.0% in the second quarter. Centersquare Investment Management LLC now owns 1,725,039 shares of the real estate investment trust’s stock valued at $217,648,000 after purchasing an additional 171,115 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Alexandria Real Estate Equities by 3.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,562,120 shares of the real estate investment trust’s stock worth $196,488,000 after buying an additional 58,224 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of Alexandria Real Estate Equities by 38.7% in the second quarter. Schroder Investment Management Group now owns 1,151,862 shares of the real estate investment trust’s stock worth $100,288,000 after buying an additional 321,596 shares during the last quarter.

Shares of NYSE:ARE traded up $0.77 during midday trading on Friday, hitting $120.34. The company had a trading volume of 701,961 shares, compared to its average volume of 720,245. Alexandria Real Estate Equities Inc has a twelve month low of $109.04 and a twelve month high of $130.53. 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 stock has a market cap of $12.61 billion, a PE ratio of 19.99, a P/E/G ratio of 2.65 and a beta of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, topping the consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The business had revenue of $341.80 million during the quarter, compared to analyst estimates of $343.42 million. During the same period last year, the business posted $1.51 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, analysts predict that Alexandria Real Estate Equities Inc will post 6.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.97 dividend. The ex-dividend date is Friday, December 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. This represents a $3.88 dividend on an annualized basis and a yield of 3.22%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 64.45%.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $125.09, for a total transaction of $938,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joel S. Marcus sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, December 11th. The stock was sold at an average price of $126.26, for a total value of $1,262,600.00. Following the sale, the insider now directly owns 537,255 shares of the company’s stock, valued at $67,833,816.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,950 shares of company stock valued at $5,346,329. 1.41% of the stock is currently owned by company insiders.

ARE has been the topic of a number of recent research reports. ValuEngine upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Citigroup upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and increased their price target for the stock from $133.00 to $144.00 in a research report on Monday, December 3rd. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Royal Bank of Canada upgraded Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a research report on Friday, December 14th. Finally, Canaccord Genuity reiterated an “average” rating and set a $24.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, December 18th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $121.00.

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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 $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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

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