Triodos Investment Management BV Purchases 29,200 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Triodos Investment Management BV raised its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 172,450 shares of the real estate investment trust's stock after acquiring an additional 29,200 shares during the period. Triodos Investment Management BV owned approximately 0.10% of Alexandria Real Estate Equities worth $16,822,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Fulton Bank N.A. increased its holdings in shares of Alexandria Real Estate Equities by 77.7% in the 4th quarter. Fulton Bank N.A. now owns 16,165 shares of the real estate investment trust's stock worth $1,577,000 after buying an additional 7,070 shares during the last quarter. Magnetar Financial LLC purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth $968,000. Hahn Capital Management LLC increased its stake in Alexandria Real Estate Equities by 50.4% in the fourth quarter. Hahn Capital Management LLC now owns 68,370 shares of the real estate investment trust's stock valued at $6,669,000 after acquiring an additional 22,926 shares during the last quarter. CCLA Investment Management lifted its stake in Alexandria Real Estate Equities by 4.0% during the fourth quarter. CCLA Investment Management now owns 841,435 shares of the real estate investment trust's stock worth $82,023,000 after purchasing an additional 32,367 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 5.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,541 shares of the real estate investment trust's stock worth $88,140,000 after acquiring an additional 42,825 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Remove Ads

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $0.56 during midday trading on Tuesday, hitting $91.95. 467,669 shares of the stock traded hands, compared to its average volume of 1,085,200. The firm has a market capitalization of $15.92 billion, a P/E ratio of 51.39, a PEG ratio of 3.93 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a one year low of $90.50 and a one year high of $130.14. 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 firm has a 50-day moving average of $97.82 and a two-hundred day moving average of $105.40.

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

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Monday, March 31st. Alexandria Real Estate Equities's payout ratio 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ARE. Royal Bank of Canada decreased their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a report on Tuesday, December 17th. StockNews.com cut shares of Alexandria Real Estate Equities from a "hold" rating to a "sell" rating in a research report on Monday, March 17th. JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price objective for the company. Finally, Wedbush reissued a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and a consensus price target of $118.60.

Alexandria Real Estate Equities Company 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.