KLP Kapitalforvaltning AS Makes New $9.12 Million Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

KLP Kapitalforvaltning AS bought a new position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 92,390 shares of the real estate investment trust's stock, valued at approximately $9,116,000. KLP Kapitalforvaltning AS owned 0.05% of Alexandria Real Estate Equities at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Mizuho Securities USA LLC lifted its holdings in Alexandria Real Estate Equities by 46.0% in the fourth quarter. Mizuho Securities USA LLC now owns 14,741 shares of the real estate investment trust's stock worth $1,438,000 after buying an additional 4,646 shares during the period. Virtu Financial LLC lifted its stake in shares of Alexandria Real Estate Equities by 113.9% in the 4th quarter. Virtu Financial LLC now owns 4,967 shares of the real estate investment trust's stock valued at $484,000 after purchasing an additional 2,645 shares during the period. Garland Capital Management Inc. lifted its position in Alexandria Real Estate Equities by 0.6% during the 4th quarter. Garland Capital Management Inc. now owns 29,580 shares of the real estate investment trust's stock valued at $2,886,000 after acquiring an additional 175 shares during the period. TD Private Client Wealth LLC boosted its stake in Alexandria Real Estate Equities by 58.2% during the fourth quarter. TD Private Client Wealth LLC now owns 20,290 shares of the real estate investment trust's stock worth $1,979,000 after acquiring an additional 7,465 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Alexandria Real Estate Equities by 39.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,422 shares of the real estate investment trust's stock worth $8,723,000 after purchasing an additional 25,229 shares during the period. Institutional investors own 96.54% of the company's stock.

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Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.13 on Friday, hitting $95.58. The stock had a trading volume of 887,436 shares, compared to its average volume of 1,083,312. The business's 50-day simple moving average is $98.01 and its two-hundred day simple moving average is $105.81. The stock has a market cap of $16.54 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

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 earnings per share (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%. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.52%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 293.33%.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ARE. Jefferies Financial Group began coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target on the stock. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Wedbush restated a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com cut Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada lowered their price target 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. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $118.60.

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.