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

River Road Asset Management LLC reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,188 shares of the real estate investment trust’s stock after selling 2,036 shares during the quarter. River Road Asset Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Assetmark Inc. lifted its stake in shares of Alexandria Real Estate Equities by 35.0% in the 3rd quarter. Assetmark Inc. now owns 37,691 shares of the real estate investment trust’s stock valued at $4,476,000 after purchasing an additional 9,763 shares in the last quarter. Atria Investments Inc grew its stake in shares of Alexandria Real Estate Equities by 33.2% in the third quarter. Atria Investments Inc now owns 30,262 shares of the real estate investment trust’s stock valued at $3,594,000 after buying an additional 7,551 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $30,000. Venturi Wealth Management LLC lifted its position in Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in shares of Alexandria Real Estate Equities by 29.9% during the third quarter. Apollon Wealth Management LLC now owns 2,553 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 587 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.8 %

NYSE:ARE opened at $99.32 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $17.19 billion, a P/E ratio of 55.18, a P/E/G ratio of 3.93 and a beta of 1.17. The stock’s 50 day moving average price is $98.23 and its 200 day moving average price is $107.60. Alexandria Real Estate Equities, Inc. has a 52 week low of $93.25 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping 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%. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share repurchase program on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities’s payout ratio is 293.33%.

Analysts Set New Price Targets

ARE has been the subject of a number of analyst reports. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Wedbush reissued a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced 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 report on Tuesday, December 17th. 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 data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $121.30.

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.