Victory Capital Management Inc. Has $475.12 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Victory Capital Management Inc. lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,747,866 shares of the real estate investment trust’s stock after buying an additional 32,122 shares during the period. Alexandria Real Estate Equities comprises about 0.5% of Victory Capital Management Inc.’s investment portfolio, making the stock its 19th largest holding. Victory Capital Management Inc. owned 2.14% of Alexandria Real Estate Equities worth $475,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. AE Wealth Management LLC bought a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $407,000. Exchange Traded Concepts LLC grew its position in Alexandria Real Estate Equities by 5.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 2,138 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 102 shares during the last quarter. Handelsbanken Fonder AB grew its position in Alexandria Real Estate Equities by 31.7% during the 3rd quarter. Handelsbanken Fonder AB now owns 46,964 shares of the real estate investment trust’s stock worth $4,701,000 after acquiring an additional 11,297 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter worth $297,000. Finally, Xponance Inc. lifted its holdings in Alexandria Real Estate Equities by 5.0% during the 3rd quarter. Xponance Inc. now owns 21,594 shares of the real estate investment trust’s stock worth $2,162,000 after buying an additional 1,023 shares during the period. Institutional investors own 96.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ARE shares. Evercore ISI dropped their price objective on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. StockNews.com upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started 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 on the stock. Mizuho increased their target price on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. 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.com, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Stock Up 0.6 %

Shares of ARE traded up $0.75 during mid-day trading on Wednesday, hitting $116.62. The company’s stock had a trading volume of 262,684 shares, compared to its average volume of 992,607. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The company’s 50-day moving average is $122.91 and its 200-day moving average is $117.60. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $20.39 billion, a price-to-earnings ratio of 108.26, a PEG ratio of 2.72 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The business had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.14 EPS. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 474.77%.

Insiders Place Their Bets

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

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.