Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Cut by Lincluden Management Ltd.

Lincluden Management Ltd. reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 44.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,411 shares of the real estate investment trust’s stock after selling 9,186 shares during the quarter. Lincluden Management Ltd.’s holdings in Alexandria Real Estate Equities were worth $1,600,000 as of its most recent SEC filing.

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A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its stake in Alexandria Real Estate Equities by 0.4% during the 3rd quarter. Arizona State Retirement System now owns 42,574 shares of the real estate investment trust’s stock valued at $5,968,000 after purchasing an additional 167 shares in the last quarter. Taylor Frigon Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 2.4% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 7,104 shares of the real estate investment trust’s stock worth $996,000 after acquiring an additional 167 shares in the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in shares of Alexandria Real Estate Equities by 1.1% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 91,465 shares of the real estate investment trust’s stock worth $12,822,000 after acquiring an additional 969 shares in the last quarter. Schechter Investment Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $217,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Alexandria Real Estate Equities by 3.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 107,557 shares of the real estate investment trust’s stock worth $15,071,000 after acquiring an additional 3,917 shares in the last quarter. 89.81% of the stock is owned by institutional investors.

Insiders Activity

In other news, CFO Dean A. Shigenaga sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $152.51, for a total value of $1,372,590.00. Following the sale, the chief financial officer now directly owns 134,832 shares of the company’s stock, valued at $20,563,228.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Dean A. Shigenaga sold 9,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $152.51, for a total transaction of $1,372,590.00. Following the sale, the chief financial officer now directly owns 134,832 shares of the company’s stock, valued at $20,563,228.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 2,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $152.00, for a total value of $380,000.00. Following the sale, the chairman now directly owns 343,526 shares in the company, valued at $52,215,952. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,253 shares of company stock valued at $5,179,946. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BTIG Research reduced their price objective on Alexandria Real Estate Equities from $233.00 to $186.00 in a research note on Wednesday, October 19th. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, November 10th. StockNews.com initiated coverage on Alexandria Real Estate Equities in a report on Wednesday, October 12th. They issued a “sell” rating for the company. JMP Securities reiterated a “buy” rating and set a $180.00 price objective on shares of Alexandria Real Estate Equities in a report on Thursday, October 6th. Finally, Evercore ISI cut their price objective on Alexandria Real Estate Equities to $168.00 in a report on Friday, December 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $173.43.

Alexandria Real Estate Equities Stock Up 0.1%

NYSE ARE traded up $0.16 during trading on Thursday, hitting $156.92. 73,707 shares of the company traded hands, compared to its average volume of 610,106. Alexandria Real Estate Equities, Inc. has a 12 month low of $126.74 and a 12 month high of $206.85. The business has a fifty day simple moving average of $150.22 and a 200 day simple moving average of $149.50. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $25.75 billion, a P/E ratio of 47.65, a PEG ratio of 2.30 and a beta of 0.91.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.12 by ($0.01). The business had revenue of $659.90 million during the quarter, compared to analyst estimates of $657.48 million. Alexandria Real Estate Equities had a net margin of 21.73% and a return on equity of 3.03%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 8.41 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were given a $1.21 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. This represents a $4.84 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, December 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 147.11%.

Alexandria Real Estate Equities Profile

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Alexandria Real Estate Equities, Inc is an urban office real estate investment trust. The firm engages in the ownership, operation, development, and redevelopment of life science and technology properties. It also provides a space for lease to the life science and technology industries, which are primarily located in AAA urban innovation cluster locations.

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