Sarasin Partners Llp buys $7,104,812 stake in Alexandria Real Estate Equities Inc (ARE)

Alexandria Real Estate Equities Inc (ARE) : Sarasin Partners Llp scooped up 1,701 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 Oct 14, 2016. The investment management firm now holds a total of 68,401 shares of Alexandria Real Estate Equities Inc which is valued at $7,104,812.Alexandria Real Estate Equities Inc makes up approximately 0.11% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in ARE in the latest quarter, The investment management firm added 403 additional shares and now holds a total of 23,234 shares of Alexandria Real Estate Equities Inc which is valued at $2,413,316. Alexandria Real Estate Equities Inc makes up approx 0.05% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in ARE in the latest quarter, The investment management firm added 4,300 additional shares and now holds a total of 25,320 shares of Alexandria Real Estate Equities Inc which is valued at $2,630,748. Alexandria Real Estate Equities Inc makes up approx 0.04% of Gulf International Bank (uk) Ltd’s portfolio. Cutler Group Lp sold out all of its stake in ARE during the most recent quarter. The investment firm sold 26 shares of ARE which is valued $2,709.Gradient Investments reduced its stake in ARE by selling 44,535 shares or 99.29% in the most recent quarter. The Hedge Fund company now holds 318 shares of ARE which is valued at $33,136.Bnp Paribas Arbitrage Sa reduced its stake in ARE by selling 23,061 shares or 53.79% in the most recent quarter. The Hedge Fund company now holds 19,808 shares of ARE which is valued at $2,048,940. Alexandria Real Estate Equities Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Alexandria Real Estate Equities Inc closed down -0.03 points or -0.03% at $103.87 with 5,25,573 shares getting traded on Friday. Post opening the session at $103.74, the shares hit an intraday low of $103.23 and an intraday high of $105.41 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 .

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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