Mackay Shields LLC Raises Stock Holdings in Alexandria Real Estate Equities Inc (NYSE:ARE)

Mackay Shields LLC raised its position in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 61.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,981 shares of the real estate investment trust’s stock after acquiring an additional 10,687 shares during the period. Mackay Shields LLC’s holdings in Alexandria Real Estate Equities were worth $4,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other institutional investors and hedge funds have also recently modified their holdings of ARE. Steward Partners Investment Advisory LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $30,000. CSat Investment Advisory L.P. raised its holdings in shares of Alexandria Real Estate Equities by 65.9% during the 2nd quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in shares of Alexandria Real Estate Equities by 883.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 265 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Alexandria Real Estate Equities by 19.2% during the 2nd quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 87 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $95,000. 98.68% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have recently issued reports on the company. DA Davidson upped their price objective on Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Citigroup upped their price objective on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. GMP Securities reaffirmed an “average” rating and set a $26.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. Robert W. Baird set a $152.00 price target on Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Wednesday, August 21st. Finally, Barclays set a $153.00 price target on Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Friday, October 11th. Eight investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $105.73.

NYSE:ARE traded up $0.03 during midday trading on Friday, hitting $153.91. 571,263 shares of the company traded hands, compared to its average volume of 717,806. The firm’s fifty day moving average is $155.22 and its 200-day moving average is $148.38. Alexandria Real Estate Equities Inc has a 12-month low of $109.04 and a 12-month high of $160.25. The firm has a market capitalization of $17.59 billion, a P/E ratio of 23.32, a P/E/G ratio of 4.33 and a beta of 0.71. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76.

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

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

In other Alexandria Real Estate Equities news, insider Vincent Ciruzzi sold 5,933 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.20, for a total value of $897,069.60. Following the transaction, the insider now owns 39,499 shares of the company’s stock, valued at approximately $5,972,248.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 9,750 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $152.75, for a total value of $1,489,312.50. Following the completion of the transaction, the chairman now directly owns 445,962 shares in the company, valued at approximately $68,120,695.50. The disclosure for this sale can be found here. Insiders have sold a total of 29,183 shares of company stock worth $4,409,057 in the last 90 days. 1.43% of the stock is currently owned by insiders.

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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