282,900 Shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC purchased a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 282,900 shares of the real estate investment trust's stock, valued at approximately $36,223,000. Ceredex Value Advisors LLC owned about 0.16% of Alexandria Real Estate Equities as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 2.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 68,652 shares of the real estate investment trust's stock worth $8,703,000 after buying an additional 1,485 shares during the last quarter. Bank of Stockton purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth about $452,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Alexandria Real Estate Equities by 3.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,935 shares of the real estate investment trust's stock worth $3,668,000 after acquiring an additional 911 shares during the last quarter. New York State Teachers Retirement System raised its position in Alexandria Real Estate Equities by 1.6% during the fourth quarter. New York State Teachers Retirement System now owns 150,931 shares of the real estate investment trust's stock valued at $19,134,000 after purchasing an additional 2,406 shares during the period. Finally, Alpine Woods Capital Investors LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $218,000. Hedge funds and other institutional investors own 96.54% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. Wedbush reaffirmed an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho increased their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a "buy" rating and a $140.00 target price for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.13.

Alexandria Real Estate Equities Trading Up 1.7 %

Shares of NYSE:ARE traded up $2.07 during trading on Friday, reaching $124.58. 551,071 shares of the company were exchanged, compared to its average volume of 881,421. The business's fifty day simple moving average is $122.60 and its 200-day simple moving average is $115.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm has a market capitalization of $21.80 billion, a PE ratio of 230.71, a P/E/G ratio of 2.85 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The firm had revenue of $757.22 million for the quarter, compared to analysts' expectations of $740.16 million. During the same quarter in the previous year, the business earned $2.14 earnings per share. The company's revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 4.08%. The ex-dividend date is Wednesday, March 27th. Alexandria Real Estate Equities's payout ratio is 940.76%.

Insider Buying and Selling at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the sale, the chief executive officer now owns 249,683 shares of the company's stock, valued at approximately $30,686,040.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares of the company's stock, valued at $30,686,040.70. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Alexandria Real Estate Equities Company Profile

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.