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

PGGM Investments grew its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3,602.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 958,857 shares of the real estate investment trust's stock after purchasing an additional 932,956 shares during the period. Alexandria Real Estate Equities comprises about 1.2% of PGGM Investments' portfolio, making the stock its 26th biggest position. PGGM Investments owned about 0.55% of Alexandria Real Estate Equities worth $93,537,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ARE. Vestcor Inc increased its stake in Alexandria Real Estate Equities by 41.2% during the 4th quarter. Vestcor Inc now owns 40,871 shares of the real estate investment trust's stock worth $3,987,000 after buying an additional 11,934 shares during the period. Truvestments Capital LLC raised its stake in shares of Alexandria Real Estate Equities by 6.8% in the fourth quarter. Truvestments Capital LLC now owns 24,229 shares of the real estate investment trust's stock valued at $2,363,000 after acquiring an additional 1,553 shares in the last quarter. 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 in the last quarter. AGF Management Ltd. lifted its stake in Alexandria Real Estate Equities by 20.2% in the fourth quarter. AGF Management Ltd. now owns 38,299 shares of the real estate investment trust's stock worth $3,736,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Alexandria Real Estate Equities by 1.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 73,641 shares of the real estate investment trust's stock worth $7,184,000 after acquiring an additional 1,212 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

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Alexandria Real Estate Equities Stock Performance

NYSE ARE traded up $2.65 on Friday, reaching $99.30. The stock had a trading volume of 816,422 shares, compared to its average volume of 1,038,156. The business's 50-day moving average price is $98.24 and its 200 day moving average price is $107.30. Alexandria Real Estate Equities, Inc. has a 12-month low of $93.25 and a 12-month high of $130.14. The stock has a market cap of $17.19 billion, a P/E ratio of 55.17, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. 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 posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating 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%. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities declared that its board has initiated a share buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ARE. Wedbush restated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Royal Bank of Canada dropped their price objective 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. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. Finally, StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price 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.