Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 116.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 63,363 shares of the real estate investment trust’s stock after acquiring an additional 34,033 shares during the period. River Road Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $8,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Oakworth Capital Inc. bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth about $25,000. Telos Capital Management Inc. lifted its holdings in Alexandria Real Estate Equities by 31.0% in the fourth quarter. Telos Capital Management Inc. now owns 11,104 shares of the real estate investment trust’s stock worth $1,408,000 after acquiring an additional 2,625 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Alexandria Real Estate Equities by 19.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust’s stock valued at $20,419,000 after acquiring an additional 25,955 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Alexandria Real Estate Equities by 19.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 968,302 shares of the real estate investment trust’s stock valued at $122,752,000 after purchasing an additional 154,958 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new position in Alexandria Real Estate Equities during the 4th quarter valued at approximately $366,000. Institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

ARE has been the topic of several analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho increased their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. 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. Wedbush restated an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Moderate Buy” and an average target price of $137.13.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the transaction, the chairman now owns 429,538 shares in the company, valued at $51,080,658.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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, 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 sale, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now 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 company insiders.

Alexandria Real Estate Equities Stock Performance

ARE opened at $116.45 on Thursday. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. 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 business has a 50 day moving average price of $122.84 and a two-hundred day moving average price of $116.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). The firm had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.14 EPS. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $1.27 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.36%. Alexandria Real Estate Equities’s dividend payout ratio is 940.76%.

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.