Systematic Financial Management Lp buys $145.2 Million stake in Alexandria Real Estate Equities Inc (ARE)

Alexandria Real Estate Equities Inc (ARE) : Systematic Financial Management Lp scooped up 48,393 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 May 11, 2016. The investment management firm now holds a total of 1,530,672 shares of Alexandria Real Estate Equities Inc which is valued at $145.2 Million.Alexandria Real Estate Equities Inc makes up approximately 1.84% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in ARE by selling 741 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 53,435 shares of ARE which is valued at $5.1 Million. Alexandria Real Estate Equities Inc makes up approx 0.05% of Comerica Bank’s portfolio.Mutual Of America Capital Management boosted its stake in ARE in the latest quarter, The investment management firm added 2,119 additional shares and now holds a total of 50,641 shares of Alexandria Real Estate Equities Inc which is valued at $4.8 Million. Alexandria Real Estate Equities Inc makes up approx 0.11% of Mutual Of America Capital Management’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in ARE by selling 16,370 shares or 39.7% in the most recent quarter. The Hedge Fund company now holds 24,869 shares of ARE which is valued at $2.4 Million. Alexandria Real Estate Equities Inc makes up approx 0.02% of Los Angeles Capital Management Equity Research Inc’s portfolio. Resolution Capital Ltd added ARE to its portfolio by purchasing 360,374 company shares during the most recent quarter which is valued at $34.5 Million. Alexandria Real Estate Equities Inc makes up approx 2.39% of Resolution Capital Ltd’s portfolio.American Century Companies Inc reduced its stake in ARE by selling 91,333 shares or 17.41% in the most recent quarter. The Hedge Fund company now holds 433,337 shares of ARE which is valued at $41.4 Million. Alexandria Real Estate Equities Inc makes up approx 0.05% of American Century Companies Inc’s portfolio.

Alexandria Real Estate Equities Inc opened for trading at $94.78 and hit $96.88 on the upside on Monday, eventually ending the session at $96.31, with a gain of 1.54% or 1.46 points. The heightened volatility saw the trading volume jump to 6,19,236 shares. Company has a market cap of $7,115 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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