Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,747,866 shares of the real estate investment trust's stock after acquiring an additional 32,122 shares during the period. Alexandria Real Estate Equities accounts for about 0.5% of Victory Capital Management Inc.'s portfolio, making the stock its 19th biggest holding. Victory Capital Management Inc. owned approximately 2.14% of Alexandria Real Estate Equities worth $475,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ARE. Duff & Phelps Investment Management Co. increased its holdings in Alexandria Real Estate Equities by 14.5% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 579,684 shares of the real estate investment trust's stock valued at $73,487,000 after acquiring an additional 73,205 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Alexandria Real Estate Equities by 14.7% during the fourth quarter. Van ECK Associates Corp now owns 65,630 shares of the real estate investment trust's stock valued at $8,320,000 after purchasing an additional 8,420 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 11.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 390,479 shares of the real estate investment trust's stock worth $49,501,000 after purchasing an additional 40,378 shares during the last quarter. HHM Wealth Advisors LLC lifted its position in shares of Alexandria Real Estate Equities by 340.9% in the fourth quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust's stock worth $25,000 after buying an additional 150 shares in the last quarter. Finally, PGGM Investments boosted its stake in Alexandria Real Estate Equities by 5.1% during the fourth quarter. PGGM Investments now owns 685,983 shares of the real estate investment trust's stock valued at $86,962,000 after buying an additional 33,512 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Trading Up 0.7 %

Alexandria Real Estate Equities stock traded up $0.86 during midday trading on Wednesday, reaching $116.73. The stock had a trading volume of 770,095 shares, compared to its average volume of 998,902. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company has a fifty day moving average of $122.91 and a 200 day moving average of $117.60. The firm has a market cap of $20.41 billion, a price-to-earnings ratio of 108.26, a price-to-earnings-growth ratio of 2.72 and a beta of 1.05. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $757.22 million for the quarter, compared to the consensus estimate of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. Alexandria Real Estate Equities's revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.14 earnings per share. On average, 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. Stockholders of record on Thursday, March 28th were given a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.35%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 474.77%.

Insider Activity

In other news, Chairman Joel S. Marcus sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now owns 429,538 shares of the company's stock, valued at approximately $51,080,658.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated 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 $30,686,040.70. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ARE shares. Mizuho upped their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a "buy" rating in a report on Wednesday, January 3rd. 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. Evercore ISI reduced their target price on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating on the stock in a report on Thursday, April 25th. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a "buy" rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.75.

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.