Edgestream Partners L.P. Sells 5,134 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Edgestream Partners L.P. trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 40.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,475 shares of the real estate investment trust's stock after selling 5,134 shares during the period. Edgestream Partners L.P.'s holdings in Alexandria Real Estate Equities were worth $888,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Verition Fund Management LLC lifted its stake in Alexandria Real Estate Equities by 408.4% during the third quarter. Verition Fund Management LLC now owns 28,667 shares of the real estate investment trust's stock valued at $3,404,000 after buying an additional 23,028 shares in the last quarter. Captrust Financial Advisors boosted its stake in Alexandria Real Estate Equities by 6.7% in the 3rd quarter. Captrust Financial Advisors now owns 15,498 shares of the real estate investment trust's stock worth $1,840,000 after purchasing an additional 969 shares during the period. Infrastructure Capital Advisors LLC raised its stake in Alexandria Real Estate Equities by 173.2% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 10,799 shares of the real estate investment trust's stock valued at $1,282,000 after purchasing an additional 6,846 shares during the period. Waterfront Capital Partners LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at $4,996,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 11.3% during the third quarter. Hantz Financial Services Inc. now owns 4,121 shares of the real estate investment trust's stock worth $489,000 after purchasing an additional 418 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 0.5 %

Shares of ARE traded up $0.50 during trading hours on Thursday, hitting $105.43. 1,186,102 shares of the stock traded hands, compared to its average volume of 1,008,825. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.89 and a 1-year high of $135.45. The firm has a market capitalization of $18.42 billion, a PE ratio of 63.98, a price-to-earnings-growth ratio of 4.05 and a beta of 1.14. The business has a fifty day moving average of $113.38 and a 200-day moving average of $116.66.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. Alexandria Real Estate Equities's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.26 earnings per share. Analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price target for the company from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities decreased 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 report on Friday, November 15th. Citigroup lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, Evercore ISI cut their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average price target of $126.73.

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.