PGGM Investments Buys 111,903 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• PGGM Investments increased its stake in Alexandria Real Estate Equities by 11.0%, owning a total of 1,130,962 shares valued at approximately $82 million.
• Alexandria Real Estate Equities recently reported earnings of $2.33 per share for the last quarter, beating expectations, but also noted a slight revenue decline compared to the previous year.
• The company announced a quarterly dividend of $1.32 per share, representing an annual yield of 6.3%, with an ex-dividend date set for September 30th.

PGGM Investments grew its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 11.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,130,962 shares of the real estate investment trust's stock after purchasing an additional 111,903 shares during the quarter. Alexandria Real Estate Equities comprises about 1.4% of PGGM Investments' holdings, making the stock its 27th biggest holding. PGGM Investments owned about 0.65% of Alexandria Real Estate Equities worth $82,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Private Trust Co. NA grew its stake in shares of Alexandria Real Estate Equities by 19.2% in the first quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock worth $86,000 after acquiring an additional 149 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Alexandria Real Estate Equities by 16.4% in the first quarter. Farther Finance Advisors LLC now owns 1,084 shares of the real estate investment trust's stock worth $99,000 after buying an additional 153 shares during the last quarter. Presima Securities ULC boosted its holdings in shares of Alexandria Real Estate Equities by 1.4% in the first quarter. Presima Securities ULC now owns 11,895 shares of the real estate investment trust's stock worth $1,100,000 after buying an additional 170 shares during the last quarter. CX Institutional boosted its holdings in shares of Alexandria Real Estate Equities by 13.8% in the second quarter. CX Institutional now owns 1,445 shares of the real estate investment trust's stock worth $105,000 after buying an additional 175 shares during the last quarter. Finally, Investor s Fiduciary Advisor Network LLC boosted its holdings in shares of Alexandria Real Estate Equities by 3.8% in the first quarter. Investor s Fiduciary Advisor Network LLC now owns 4,941 shares of the real estate investment trust's stock worth $457,000 after buying an additional 180 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ARE has been the topic of a number of research reports. Mizuho dropped their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a report on Thursday, June 12th. Baird R W dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a report on Thursday, June 12th. Royal Bank Of Canada lowered their price target on shares of Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 29th. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an "outperform" rating and a $100.00 price target on the stock. Finally, Evercore ISI raised shares of Alexandria Real Estate Equities from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $91.00 to $104.00 in a report on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of "Hold" and an average price target of $98.38.

Alexandria Real Estate Equities Trading Down 1.3%

Alexandria Real Estate Equities stock opened at $83.31 on Wednesday. The stock has a market cap of $14.41 billion, a P/E ratio of -640.85, a PEG ratio of 7.09 and a beta of 1.30. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $123.10. The firm's 50 day moving average price is $80.92 and its 200-day moving average price is $78.69.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. The firm had revenue of $737.28 million for the quarter, compared to analysts' expectations of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.32 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $5.28 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities's dividend payout ratio is presently -4,061.54%.

Alexandria Real Estate Equities 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.

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