Verition Fund Management LLC Acquires 23,028 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Verition Fund Management LLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 408.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,667 shares of the real estate investment trust's stock after purchasing an additional 23,028 shares during the quarter. Verition Fund Management LLC's holdings in Alexandria Real Estate Equities were worth $3,404,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in Alexandria Real Estate Equities by 6.7% in the third quarter. Captrust Financial Advisors now owns 15,498 shares of the real estate investment trust's stock valued at $1,840,000 after acquiring an additional 969 shares during the last quarter. Infrastructure Capital Advisors LLC lifted its stake in Alexandria Real Estate Equities by 173.2% in 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 last quarter. Waterfront Capital Partners LLC bought a new position in Alexandria Real Estate Equities during the third quarter worth about $4,996,000. Hantz Financial Services Inc. increased its position in 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 buying an additional 418 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its stake in Alexandria Real Estate Equities by 574.1% in the third quarter. Vinva Investment Management Ltd now owns 39,885 shares of the real estate investment trust's stock valued at $4,827,000 after buying an additional 33,968 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded up $0.66 during trading hours on Thursday, reaching $105.59. The stock had a trading volume of 643,974 shares, compared to its average volume of 1,006,263. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a market capitalization of $18.45 billion, a PE ratio of 63.98, a PEG ratio of 4.05 and a beta of 1.14. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month high of $135.45. The company's 50-day moving average is $113.38 and its two-hundred day moving average is $116.66.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (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 during the quarter, compared to analyst estimates of $766.97 million. During the same period in the prior year, the company earned $2.26 EPS. The business's quarterly revenue was up 10.9% compared to the same quarter last year. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on ARE shares. JMP Securities decreased their target price 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. Evercore ISI dropped their price objective 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. Citigroup downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $126.73.

About Alexandria Real Estate Equities

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.