Is Alexandria Real Estate Equities Inc (NYSE:ARE) a good stock to buy right now? We at Insider Monkey like to examine what billionaires and hedge funds think of a company before doing days of research on it. Given their 2 and 20 payment structure, hedge funds have more resources than the average investor. The funds have access to expert networks and get tips from industry insiders. They also have numerous Ivy League graduates and MBAs. Like everyone else, hedge funds perform miserably at times, but their consensus picks have historically outperformed the market after risk adjustments.
Alexandria Real Estate Equities Inc (NYSE:ARE) shareholders have witnessed an increase in support from the world’s most elite money managers in recent months. The level and the change in hedge fund popularity aren’t the only variables you need to analyze to decipher hedge funds’ perspectives. A stock may witness a boost in popularity but it may still be less popular than similarly priced stocks. That’s why at the end of this article we will examine companies such as WABCO Holdings Inc. (NYSE:WBC), EQT GP Holdings LP (NYSE:EQGP), and American Financial Group (NYSE:AFG) to gather more data points.
Keeping this in mind, we’re going to view the latest action surrounding Alexandria Real Estate Equities Inc (NYSE:ARE).
What does the smart money think about Alexandria Real Estate Equities Inc (NYSE:ARE)?
Heading into Q4, a total of 22 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 57% from the previous quarter. With the smart money’s sentiment swirling, there exists a few noteworthy hedge fund managers who were upping their stakes meaningfully (or already accumulated large positions).
According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Jim Simons’ Renaissance Technologies has the number one position in Alexandria Real Estate Equities Inc (NYSE:ARE), worth close to $24.2 million, amounting to 0.1% of its total 13F portfolio. The second most bullish fund manager is AEW Capital Management holding a $21.5 million position; the fund has 0.5% of its 13F portfolio invested in the stock. Some other members of the smart money with similar optimism include Israel Englander’s Millennium Management, Lee Munder’s Lee Munder Capital Group and David Harding’s Winton Capital Management.