Hgi Capital Management Lowers stake in Alexandria Real Estate Equities Inc (ARE)

Alexandria Real Estate Equities Inc (ARE) : Hgi Capital Management reduced its stake in Alexandria Real Estate Equities Inc by 25.36% during the most recent quarter end. The investment management company now holds a total of 33,721 shares of Alexandria Real Estate Equities Inc which is valued at $3.2 Million after selling 11,459 shares in Alexandria Real Estate Equities Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Alexandria Real Estate Equities Inc makes up approximately 5.03% of Hgi Capital Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in ARE by selling 47,298 shares or 30.51% in the most recent quarter. The Hedge Fund company now holds 107,722 shares of ARE which is valued at $10.2 Million. Alexandria Real Estate Equities Inc makes up approx 0.05% of Thrivent Financial For Lutherans’s portfolio. Caprock Group added ARE to its portfolio by purchasing 2,500 company shares during the most recent quarter which is valued at $237,125. Alexandria Real Estate Equities Inc makes up approx 0.06% of Caprock Group’s portfolio. Archford Capital Strategies sold out all of its stake in ARE during the most recent quarter. The investment firm sold 76 shares of ARE which is valued $7,209.Rhumbline Advisers boosted its stake in ARE in the latest quarter, The investment management firm added 2,550 additional shares and now holds a total of 122,902 shares of Alexandria Real Estate Equities Inc which is valued at $11.8 Million. Alexandria Real Estate Equities Inc makes up approx 0.04% of Rhumbline Advisers’s portfolio. Commerce Bank added ARE to its portfolio by purchasing 2,298 company shares during the most recent quarter which is valued at $213,599.

Alexandria Real Estate Equities Inc opened for trading at $93.94 and hit $95.68 on the upside on Friday, eventually ending the session at $95.63, with a gain of 2.25% or 2.1 points. The heightened volatility saw the trading volume jump to 6,17,507 shares. Company has a market cap of $7,065 M.

On the company’s financial health, Alexandria Real Estate Equities Inc reported $1.34 EPS for the quarter, based on the information available during the earnings call on May 2, 2016. Analyst had a consensus estimate of $1.34. The company had revenue of $216.08 million for the quarter, compared to analysts expectations of $212.46 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 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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