River Road Asset Management LLC Increases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

River Road Asset Management LLC raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 116.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,363 shares of the real estate investment trust’s stock after buying an additional 34,033 shares during the quarter. River Road Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $8,033,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. grew its stake in Alexandria Real Estate Equities by 8.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $881,000 after acquiring an additional 348 shares in the last quarter. American Century Companies Inc. grew its position in shares of Alexandria Real Estate Equities by 242.4% in the first quarter. American Century Companies Inc. now owns 4,499 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 3,185 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Alexandria Real Estate Equities by 14.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,753 shares of the real estate investment trust’s stock valued at $957,000 after purchasing an additional 598 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 11.7% in the first quarter. HighTower Advisors LLC now owns 5,903 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 620 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its position in Alexandria Real Estate Equities by 7.3% during the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 74 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARE has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price for the company. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Mizuho boosted their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.13.

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alexandria Real Estate Equities 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 value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $116.45 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $20.37 billion, a price-to-earnings ratio of 215.65, a price-to-earnings-growth ratio of 2.67 and a beta of 1.05. The company’s 50 day simple moving average is $122.84 and its 200-day simple moving average is $116.29. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its 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). 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 during the quarter, compared to analysts’ expectations of $740.16 million. During the same period in the previous year, the firm earned $2.14 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $1.27 per share. 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 940.76%.

Alexandria Real Estate Equities 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.