Real Estate Management Services buys $27,116,154 stake in Alexandria Real Estate Equities Inc (ARE)

Alexandria Real Estate Equities Inc (ARE) : Real Estate Management Services scooped up 61,800 additional shares in Alexandria Real Estate Equities Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 288,900 shares of Alexandria Real Estate Equities Inc which is valued at $27,116,154.Alexandria Real Estate Equities Inc makes up approximately 4.32% of Real Estate Management Services’s portfolio.

Alexandria Real Estate Equities Inc closed down -0.07 points or -0.07% at $93.79 with 2,35,026 shares getting traded on Monday. Post opening the session at $93.85, the shares hit an intraday low of $93.38 and an intraday high of $94.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Gradient Investments added ARE to its portfolio by purchasing 40,394 company shares during the most recent quarter which is valued at $3,791,381. Alexandria Real Estate Equities Inc makes up approx 0.47% of Gradient Investments’s portfolio.State Of Alaska Department Of Revenue boosted its stake in ARE in the latest quarter, The investment management firm added 410 additional shares and now holds a total of 32,560 shares of Alexandria Real Estate Equities Inc which is valued at $3,056,082. Alexandria Real Estate Equities Inc makes up approx 0.32% of State Of Alaska Department Of Revenue’s portfolio.Mai Capital Management boosted its stake in ARE in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 3,197 shares of Alexandria Real Estate Equities Inc which is valued at $290,256. Alexandria Real Estate Equities Inc makes up approx 0.02% of Mai Capital Management’s portfolio.

On the company’s financial health, Alexandria Real Estate Equities Inc reported $1.33 EPS for the quarter, based on the information available during the earnings call on Feb 1, 2016. Analyst had a consensus estimate of $1.33. The company had revenue of $224.00 million for the quarter, compared to analysts expectations of $207.16 million. The company’s revenue was up 18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS.

Alexandria Real Estate Equities Inc. is a self-administered and self-managed real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and tech office space for lease to the science and technology industries. The Company has five properties in Canada as well as eight operating properties one development project and several land parcels in Asia. As of December 31 2014 the Company had 193 properties containing approximately 18.7 million rentable square feet (RSF) of office/laboratory and tech office space. As of December 31 2014 the Company had 562 leases with a total of 441 client tenants and 87 of its 193 properties were single-tenant properties. The Company’s portfolio includes Alexandria Center at Kendall Square; Alexandria Park at 128; Alexandria Technology Center-Gateway; Alexandria Center for Life Science; ARE Nautilus; ARE Towne Centre; ARE Portola and Alexandria Technology Center-Gaithersburg I among others.

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