PGGM Investments Boosts Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

PGGM Investments grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 685,983 shares of the real estate investment trust’s stock after purchasing an additional 33,512 shares during the quarter. Alexandria Real Estate Equities accounts for about 1.3% of PGGM Investments’ holdings, making the stock its 20th biggest holding. PGGM Investments owned about 0.39% of Alexandria Real Estate Equities worth $86,962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. raised its holdings in Alexandria Real Estate Equities by 7.9% in the third quarter. Invesco Ltd. now owns 2,654,089 shares of the real estate investment trust’s stock valued at $265,674,000 after acquiring an additional 194,651 shares in the last quarter. Legal & General Group Plc raised its holdings in Alexandria Real Estate Equities by 3.4% during the third quarter. Legal & General Group Plc now owns 2,316,770 shares of the real estate investment trust’s stock worth $231,909,000 after purchasing an additional 77,012 shares in the last quarter. Northern Trust Corp raised its holdings in Alexandria Real Estate Equities by 2.6% during the third quarter. Northern Trust Corp now owns 2,168,273 shares of the real estate investment trust’s stock worth $217,044,000 after purchasing an additional 54,717 shares in the last quarter. FMR LLC raised its holdings in Alexandria Real Estate Equities by 0.7% during the third quarter. FMR LLC now owns 1,508,541 shares of the real estate investment trust’s stock worth $151,005,000 after purchasing an additional 10,914 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in Alexandria Real Estate Equities by 4.7% during the third quarter. Bamco Inc. NY now owns 1,202,373 shares of the real estate investment trust’s stock worth $120,358,000 after purchasing an additional 53,640 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE stock traded down $1.06 during trading on Friday, hitting $116.24. The stock had a trading volume of 888,255 shares, compared to its average volume of 756,042. Alexandria Real Estate Equities, Inc. has a 1-year low of $90.73 and a 1-year high of $135.45. The company’s 50 day moving average price is $122.98 and its two-hundred day moving average price is $117.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.26 and a current ratio of 0.30. The stock has a market cap of $20.33 billion, a price-to-earnings ratio of 108.63, a price-to-earnings-growth ratio of 2.68 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The company had revenue of $757.22 million for the quarter, compared to analyst estimates of $740.16 million. During the same period in the prior year, the company earned $2.14 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.46 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 474.77%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the completion of the transaction, the chief executive officer now owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction 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 completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on ARE shares. Wedbush reaffirmed an “outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday. Mizuho lifted their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price objective on the stock. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.75.

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.