Alexandria Real Estate Equities, Inc. (NYSE:ARE) Position Raised by PGGM Investments

PGGM Investments boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3,602.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 958,857 shares of the real estate investment trust's stock after buying an additional 932,956 shares during the period. Alexandria Real Estate Equities accounts for approximately 1.2% of PGGM Investments' portfolio, making the stock its 26th biggest holding. PGGM Investments owned about 0.55% of Alexandria Real Estate Equities worth $93,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares during the last quarter. Callan Capital LLC raised its position in Alexandria Real Estate Equities by 1.3% in the 4th quarter. Callan Capital LLC now owns 8,946 shares of the real estate investment trust's stock valued at $873,000 after purchasing an additional 111 shares during the last quarter. Capital Square LLC raised its position in Alexandria Real Estate Equities by 2.1% in the 3rd quarter. Capital Square LLC now owns 5,811 shares of the real estate investment trust's stock valued at $690,000 after purchasing an additional 118 shares during the last quarter. M&T Bank Corp raised its position in Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust's stock valued at $1,901,000 after purchasing an additional 127 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $2.65 during trading hours on Friday, reaching $99.30. The company's stock had a trading volume of 816,422 shares, compared to its average volume of 1,033,818. The stock has a market cap of $17.19 billion, a PE ratio of 55.17, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The company's 50-day moving average is $98.24 and its two-hundred day moving average is $107.13. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping analysts' consensus estimates 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%. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

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

Alexandria Real Estate Equities Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank of Canada cut their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Wedbush restated a "neutral" rating and set a $104.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average price target of $121.30.

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.