River Road Asset Management LLC Has $8.03 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

River Road Asset Management LLC increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 116.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,363 shares of the real estate investment trust's stock after acquiring an additional 34,033 shares during the period. River Road Asset Management LLC's holdings in Alexandria Real Estate Equities were worth $8,033,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Alexandria Real Estate Equities in the fourth quarter worth about $2,277,135,000. BlackRock Inc. lifted its stake in Alexandria Real Estate Equities by 8.5% during the first quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust's stock valued at $2,152,452,000 after purchasing an additional 1,338,634 shares during the last quarter. Centersquare Investment Management LLC boosted its holdings in Alexandria Real Estate Equities by 188.7% during the first quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust's stock worth $269,938,000 after buying an additional 876,725 shares in the last quarter. State Street Corp grew its position in Alexandria Real Estate Equities by 4.2% in the first quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust's stock worth $1,348,934,000 after buying an additional 424,932 shares during the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Alexandria Real Estate Equities by 323.6% in the first quarter. Prudential Financial Inc. now owns 525,170 shares of the real estate investment trust's stock valued at $105,690,000 after buying an additional 401,193 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Insiders Place Their Bets

In related news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Peter M. Moglia sold 3,200 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares of the company's stock, valued at approximately $30,686,040.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Alexandria Real Estate Equities Stock Up 0.1 %

Shares of NYSE:ARE traded up $0.06 during trading on Thursday, reaching $116.51. 1,136,775 shares of the company traded hands, compared to its average volume of 999,827. The firm has a fifty day simple moving average of $122.84 and a 200 day simple moving average of $116.29. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The firm has a market cap of $20.38 billion, a P/E ratio of 212.80, a price-to-earnings-growth ratio of 2.67 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The firm had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same period in the previous year, the business posted $2.14 EPS. Alexandria Real Estate Equities's revenue for the quarter was up 13.0% on a year-over-year basis. Analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 940.76%.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a "buy" rating and a $140.00 target price on the stock. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Mizuho raised 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 note on Wednesday, January 3rd. Finally, JMP Securities reiterated a "market outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $137.13.

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.