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

Alexandria Real Estate Equities Inc (ARE) : Callan Capital reduced its stake in Alexandria Real Estate Equities Inc by 3.65% during the most recent quarter end. The investment management company now holds a total of 11,108 shares of Alexandria Real Estate Equities Inc which is valued at $1,249,095 after selling 421 shares in Alexandria Real Estate Equities Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Alexandria Real Estate Equities Inc makes up approximately 0.48% of Callan Capital’s portfolio.

Other Hedge Funds, Including , Pictet Asset Management Ltd added ARE to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $2,811,250. Alexandria Real Estate Equities Inc makes up approx 0.01% of Pictet Asset Management Ltd’s portfolio.Edge Asset Management Inc boosted its stake in ARE in the latest quarter, The investment management firm added 17,752 additional shares and now holds a total of 540,023 shares of Alexandria Real Estate Equities Inc which is valued at $60,558,179. Alexandria Real Estate Equities Inc makes up approx 0.52% of Edge Asset Management Inc’s portfolio.Advisors Asset Management reduced its stake in ARE by selling 100 shares or 5.0% in the most recent quarter. The Hedge Fund company now holds 1,900 shares of ARE which is valued at $210,368.Dupont Capital Management Corp reduced its stake in ARE by selling 1,569 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 24,831 shares of ARE which is valued at $2,750,530. Alexandria Real Estate Equities Inc makes up approx 0.06% of Dupont Capital Management Corp’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in ARE in the latest quarter, The investment management firm added 5,594 additional shares and now holds a total of 8,074 shares of Alexandria Real Estate Equities Inc which is valued at $906,710. Alexandria Real Estate Equities Inc makes up approx 0.03% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

Alexandria Real Estate Equities Inc opened for trading at $108.93 and hit $110.05 on the upside on Monday, eventually ending the session at $109.74, with a gain of 1.36% or 1.47 points. The heightened volatility saw the trading volume jump to 2,13,863 shares. Company has a market cap of $8,557 M.

On the company’s financial health, Alexandria Real Estate Equities Inc reported $1.36 EPS for the quarter, based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus estimate of $1.36. The company had revenue of $226.10 million for the quarter, compared to analysts expectations of $214.99 million. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.31 EPS.

Many Wall Street Analysts have commented on Alexandria Real Estate Equities Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .Company shares were Reiterated by Mizuho on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $113 .Company shares were Reiterated by Mizuho on Jul 8, 2016 to “Buy”, Firm has raised the Price Target to $ 113 from a previous price target of $110 .

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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