Fmr LLC Decreases Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Fmr LLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 21.9% in the third quarter, HoldingsChannel reports. The fund owned 419,328 shares of the real estate investment trust’s stock after selling 117,264 shares during the period. Fmr LLC’s holdings in Alexandria Real Estate Equities were worth $49,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ARE. The Manufacturers Life Insurance Company lifted its stake in Alexandria Real Estate Equities by 0.8% in the third quarter. The Manufacturers Life Insurance Company now owns 121,648 shares of the real estate investment trust’s stock worth $14,446,000 after acquiring an additional 948 shares during the period. Bank of Montreal Can boosted its holdings in Alexandria Real Estate Equities by 15.5% in the third quarter. Bank of Montreal Can now owns 361,412 shares of the real estate investment trust’s stock worth $43,738,000 after acquiring an additional 48,622 shares in the last quarter. Capital Square LLC increased its stake in Alexandria Real Estate Equities by 2.1% during the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust’s stock valued at $690,000 after purchasing an additional 118 shares in the last quarter. Private Trust Co. NA increased its position in shares of Alexandria Real Estate Equities by 113.6% during the third quarter. Private Trust Co. NA now owns 596 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 317 shares in the last quarter. Finally, Truvestments Capital LLC raised its stake in shares of Alexandria Real Estate Equities by 3.3% in the third quarter. Truvestments Capital LLC now owns 22,676 shares of the real estate investment trust’s stock worth $2,693,000 after purchasing an additional 733 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Down 1.5 %

Shares of NYSE:ARE opened at $103.85 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52-week low of $102.89 and a 52-week high of $135.45. The business has a fifty day moving average of $112.72 and a two-hundred day moving average of $116.40. The stock has a market cap of $18.15 billion, a P/E ratio of 63.32, a PEG ratio of 3.93 and a beta of 1.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company earned $2.26 earnings per share. On average, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Robert W. Baird cut their target price on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Wedbush restated an “outperform” rating and set a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $125.82.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.