Motley Fool Wealth Management LLC Sells 2,171 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Motley Fool Wealth Management LLC lessened its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.9% in the third quarter, Holdings Channel reports. The institutional investor owned 71,487 shares of the real estate investment trust’s stock after selling 2,171 shares during the period. Motley Fool Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $8,489,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth $360,000. Investment Management Corp of Ontario raised its position in Alexandria Real Estate Equities by 48.0% during the 3rd quarter. Investment Management Corp of Ontario now owns 5,241 shares of the real estate investment trust’s stock worth $622,000 after purchasing an additional 1,700 shares during the last quarter. HighTower Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 0.8% during the 3rd quarter. HighTower Advisors LLC now owns 241,743 shares of the real estate investment trust’s stock worth $28,782,000 after buying an additional 2,012 shares during the period. Holocene Advisors LP grew its position in shares of Alexandria Real Estate Equities by 3.0% in the 3rd quarter. Holocene Advisors LP now owns 41,434 shares of the real estate investment trust’s stock valued at $4,920,000 after buying an additional 1,198 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its stake in shares of Alexandria Real Estate Equities by 64,160.0% in the third quarter. Benjamin Edwards Inc. now owns 3,213 shares of the real estate investment trust’s stock valued at $382,000 after buying an additional 3,208 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on ARE. JMP Securities cut their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday, November 15th. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Evercore ISI cut their price target on shares of 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. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $126.73.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $108.01 on Wednesday. The stock has a 50-day moving average of $113.77 and a 200-day moving average of $116.75. Alexandria Real Estate Equities, Inc. has a one year low of $102.89 and a one year high of $135.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company has a market cap of $18.88 billion, a PE ratio of 65.86, a P/E/G ratio of 4.11 and a beta of 1.14.

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

Alexandria Real Estate Equities Company 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.