Bank of Montreal Can decreased its stake in shares of Alexandria Real Estate Equities Inc (NYSE:ARE) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,636 shares of the real estate investment trust’s stock after selling 3,062 shares during the period. Bank of Montreal Can owned approximately 0.05% of Alexandria Real Estate Equities worth $11,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ARE. Sterling Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 124.1% during the third quarter. Sterling Capital Management LLC now owns 3,363 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 1,884 shares during the period. Marshall Wace LLP acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth $4,215,000. Advisor Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 22.7% during the third quarter. Advisor Group Inc. now owns 9,970 shares of the real estate investment trust’s stock worth $810,000 after purchasing an additional 1,930 shares during the period. Pacer Advisors Inc. boosted its position in shares of Alexandria Real Estate Equities by 3.3% during the third quarter. Pacer Advisors Inc. now owns 130,837 shares of the real estate investment trust’s stock worth $10,164,000 after purchasing an additional 4,520 shares during the period. Finally, BKD Wealth Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 37.9% during the third quarter. BKD Wealth Advisors LLC now owns 8,984 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 2,708 shares during the period.

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A number of research firms have weighed in on ARE. TheStreet downgraded Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research note on Tuesday, February 13th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Wednesday, January 9th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $145.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 9th. Mizuho reissued a “buy” rating and issued a $139.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 9th. Finally, BMO Capital Markets lowered Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $140.00 to $131.00 in a research note on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $132.45.

NYSE ARE opened at $124.07 on Friday. The company has a market capitalization of $8.14 billion, a P/E ratio of 21.34, a PEG ratio of 2.75 and a beta of 0.38. Alexandria Real Estate Equities Inc has a fifty-two week low of $108.94 and a fifty-two week high of $135.65. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.37 and a quick ratio of 0.37.

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Alexandria Real Estate Equities Profile

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