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

Motley Fool Wealth Management LLC cut its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 2.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,487 shares of the real estate investment trust’s stock after selling 2,171 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Alexandria Real Estate Equities were worth $8,489,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $30,000. UMB Bank n.a. increased its stake in shares of Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC grew its holdings in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ARE. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Wedbush dropped their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. JMP Securities decreased their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research report on Friday, November 15th. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $126.73.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $108.01 on Wednesday. The business has a fifty day simple moving average of $113.77 and a 200 day simple moving average of $116.75. The company has a market cap of $18.88 billion, a P/E ratio of 65.86, a P/E/G ratio of 4.11 and a beta of 1.14. 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 twelve month low of $102.89 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its 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 company had revenue of $791.60 million during the quarter, compared to the consensus estimate 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 was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $2.26 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

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.