PGGM Investments Increases Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

PGGM Investments boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 3,602.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 1.2% of PGGM Investments' portfolio, making the stock its 26th largest holding. PGGM Investments owned 0.55% of Alexandria Real Estate Equities worth $93,537,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. State Street Corp increased its stake in Alexandria Real Estate Equities by 1.1% during the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after buying an additional 112,864 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Alexandria Real Estate Equities by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,466,187 shares of the real estate investment trust's stock valued at $240,577,000 after purchasing an additional 15,285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Alexandria Real Estate Equities by 5.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock valued at $88,140,000 after purchasing an additional 42,825 shares in the last quarter. Amundi grew its position in shares of Alexandria Real Estate Equities by 8.8% in the fourth quarter. Amundi now owns 876,650 shares of the real estate investment trust's stock valued at $85,417,000 after purchasing an additional 70,553 shares in the last quarter. Finally, CCLA Investment Management grew its position in shares of Alexandria Real Estate Equities by 4.0% in the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock valued at $82,023,000 after purchasing an additional 32,367 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ARE shares. Royal Bank of Canada dropped their price target on 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. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Wedbush restated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $121.30.

Alexandria Real Estate Equities Trading Up 2.7 %

Shares of NYSE ARE traded up $2.65 during trading on Friday, reaching $99.30. The stock had a trading volume of 816,422 shares, compared to its average volume of 1,033,818. 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 cap of $17.19 billion, a P/E 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 business's 50-day moving average price is $98.24 and its 200-day moving average price is $107.21.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

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

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

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.