Victory Capital Management Inc. grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 14.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,536,113 shares of the real estate investment trust’s stock after buying an additional 445,358 shares during the period. Alexandria Real Estate Equities makes up 0.6% of Victory Capital Management Inc.’s portfolio, making the stock its 9th largest holding. Victory Capital Management Inc.’s holdings in Alexandria Real Estate Equities were worth $515,106,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in ARE. HRT Financial LP boosted its stake in shares of Alexandria Real Estate Equities by 708.0% during the 4th quarter. HRT Financial LP now owns 21,995 shares of the real estate investment trust’s stock worth $3,204,000 after purchasing an additional 19,273 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of Alexandria Real Estate Equities by 6.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 86,184 shares of the real estate investment trust’s stock worth $12,556,000 after purchasing an additional 5,182 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Alexandria Real Estate Equities by 0.5% during the 4th quarter. Clearbridge Investments LLC now owns 493,196 shares of the real estate investment trust’s stock worth $71,844,000 after purchasing an additional 2,478 shares during the period. Sandy Spring Bank boosted its stake in shares of Alexandria Real Estate Equities by 364.0% during the 4th quarter. Sandy Spring Bank now owns 6,157 shares of the real estate investment trust’s stock worth $897,000 after purchasing an additional 4,830 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Alexandria Real Estate Equities by 26.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,919 shares of the real estate investment trust’s stock worth $2,173,000 after purchasing an additional 3,108 shares during the period. 89.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ARE has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $198.00 to $166.00 in a research report on Thursday, May 4th. StockNews.com raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Mizuho lowered their price objective on shares of Alexandria Real Estate Equities from $180.00 to $145.00 in a research report on Monday, April 24th. Finally, Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating for the company in a research report on Monday, March 27th. Two equity research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and an average price target of $164.00.

Insiders Place Their Bets

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In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $122.20, for a total transaction of $916,500.00. Following the sale, the chairman now owns 351,354 shares of the company’s stock, valued at approximately $42,935,458.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Alexandria Real Estate Equities Trading Down 1.0 %

NYSE:ARE opened at $120.56 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $20.86 billion, a P/E ratio of 26.61, a P/E/G ratio of 1.36 and a beta of 0.93. The firm has a 50-day simple moving average of $120.07 and a 200-day simple moving average of $138.36. Alexandria Real Estate Equities, Inc. has a one-year low of $110.64 and a one-year high of $172.65.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $2.15 by ($1.71). The firm had revenue of $700.80 million for the quarter, compared to the consensus estimate of $686.70 million. Alexandria Real Estate Equities has a return on equity of 3.77% and a net margin of 28.01%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 EPS. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividends

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, June 29th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.21. Alexandria Real Estate Equities’s payout ratio is currently 109.49%.

Alexandria Real Estate Equities Profile

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Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.

Further Reading

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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