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

Victory Capital Management Inc. trimmed its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,625,848 shares of the real estate investment trust's stock after selling 158,430 shares during the period. Victory Capital Management Inc. owned 2.07% of Alexandria Real Estate Equities worth $430,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of ARE. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 14.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust's stock valued at $36,331,000 after purchasing an additional 34,854 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Alexandria Real Estate Equities by 2.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust's stock worth $41,482,000 after acquiring an additional 9,187 shares during the period. Vanguard Group Inc. lifted its stake in Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock valued at $3,452,814,000 after buying an additional 156,643 shares in the last quarter. BDF Gestion purchased a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at approximately $2,560,000. Finally, M&G Plc purchased a new stake in Alexandria Real Estate Equities in the 1st quarter valued at approximately $204,001,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 2.7 %

Shares of NYSE ARE traded down $3.03 during midday trading on Tuesday, reaching $108.33. 1,034,492 shares of the company's stock were exchanged, compared to its average volume of 992,083. The stock has a market capitalization of $18.93 billion, a PE ratio of 66.05, a price-to-earnings-growth ratio of 4.27 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.17 and a 52-week high of $135.45. The business's fifty day moving average price is $117.87 and its two-hundred day moving average price is $118.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $2.26 earnings per share. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.48 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.80%. Alexandria Real Estate Equities's payout ratio is currently 317.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ARE. Jefferies Financial Group lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Royal Bank of Canada reissued a "sector perform" rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Robert W. Baird reduced their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday. Bank of America lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, BMO Capital Markets raised Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $131.10.

About Alexandria Real Estate Equities

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.