Lasalle Investment Management Securities LLC boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 43.4% during the 4th quarter, Holdings Channel reports. The firm owned 1,703,228 shares of the real estate investment trust’s stock after buying an additional 515,649 shares during the quarter. Alexandria Real Estate Equities makes up about 3.3% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 14th biggest position. Lasalle Investment Management Securities LLC’s holdings in Alexandria Real Estate Equities were worth $83,356,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of ARE. Avalon Trust Co purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth $29,000. Cornerstone Planning Group LLC raised its position in shares of Alexandria Real Estate Equities by 5,916.7% during the 3rd quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 355 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $30,000. BOKF NA lifted its holdings in shares of Alexandria Real Estate Equities by 6,033.3% in the 3rd quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 362 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 96.54% of the company’s stock.
Alexandria Real Estate Equities Stock Up 0.1%
Shares of NYSE:ARE opened at $49.73 on Monday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities, Inc. has a 12 month low of $39.41 and a 12 month high of $88.24. The company has a market cap of $8.67 billion, a price-to-earnings ratio of -7.93, a PEG ratio of 6.02 and a beta of 1.19. The company has a 50-day moving average price of $46.16 and a 200 day moving average price of $49.95.
Insider Buying and Selling
In other news, Chairman Joel S. Marcus acquired 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average cost of $42.72 per share, with a total value of $320,400.00. Following the transaction, the chairman directly owned 587,724 shares of the company’s stock, valued at $25,107,569.28. This trade represents a 1.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP Gregory Calvin Thomas acquired 3,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average cost of $41.00 per share, for a total transaction of $143,500.00. Following the completion of the transaction, the executive vice president directly owned 33,024 shares in the company, valued at $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.35% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Evercore set a $55.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, February 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price target (down from $65.00) on shares of Alexandria Real Estate Equities in a report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Alexandria Real Estate Equities from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.23.
Get Our Latest Stock Report on ARE
Alexandria Real Estate Equities Profile
Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.
Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.
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Want to see what other hedge funds are holding ARE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report).
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