Victory Capital Management Inc. Has $227.78 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Victory Capital Management Inc. decreased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 35.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,334,977 shares of the real estate investment trust's stock after selling 1,290,871 shares during the period. Victory Capital Management Inc. owned about 1.35% of Alexandria Real Estate Equities worth $227,777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Callan Capital LLC increased its stake in Alexandria Real Estate Equities by 1.3% during the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock worth $873,000 after buying an additional 111 shares during the period. Capital Square LLC increased its position in shares of Alexandria Real Estate Equities by 2.1% in the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock worth $690,000 after purchasing an additional 118 shares during the last quarter. Private Advisor Group LLC increased its position in shares of Alexandria Real Estate Equities by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock worth $315,000 after purchasing an additional 129 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Alexandria Real Estate Equities by 30.2% in the 4th quarter. Private Trust Co. NA now owns 776 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded up $1.78 during trading hours on Wednesday, hitting $102.27. 994,686 shares of the company traded hands, compared to its average volume of 1,032,502. The firm has a market cap of $17.70 billion, a P/E ratio of 56.81, a P/E/G ratio of 3.93 and a beta of 1.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm's 50-day simple moving average is $98.02 and its two-hundred day simple moving average is $108.12. Alexandria Real Estate Equities, Inc. has a 1-year low of $93.25 and a 1-year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. As a group, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a stock buyback plan on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.32 per share. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.16%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ARE shares. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada dropped their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. Finally, StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $121.30.

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.