Victory Capital Management Inc. Trims Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Victory Capital Management Inc. lessened its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 82.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 407,150 shares of the real estate investment trust's stock after selling 1,927,827 shares during the period. Victory Capital Management Inc. owned 0.24% of Alexandria Real Estate Equities worth $37,665,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at $1,605,426,000. JPMorgan Chase & Co. grew its position in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the period. Capital World Investors acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Alexandria Real Estate Equities by 1,038.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock valued at $157,063,000 after purchasing an additional 1,468,644 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock worth $250,255,000 after acquiring an additional 1,037,413 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ARE shares. BNP Paribas Exane lowered their target price on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. JMP Securities restated a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Royal Bank Of Canada lowered their target price on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a report on Monday, May 12th. Baird R W reduced their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, Mizuho reduced their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus price target of $99.54.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock traded up $2.34 on Wednesday, reaching $83.03. 3,142,688 shares of the company traded hands, compared to its average volume of 1,419,986. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $125.63. The company has a 50 day moving average of $73.68 and a 200 day moving average of $84.69. The firm has a market capitalization of $14.36 billion, a PE ratio of -638.72, a PEG ratio of 6.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.22.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, topping the consensus estimate of $2.29 by $0.04. The company had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. Alexandria Real Estate Equities's revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $2.36 EPS. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.36%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's payout ratio is 694.74%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.