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

PGGM Investments boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 685,983 shares of the real estate investment trust's stock after purchasing an additional 33,512 shares during the period. Alexandria Real Estate Equities comprises 1.3% of PGGM Investments' investment portfolio, making the stock its 20th largest position. PGGM Investments owned 0.39% of Alexandria Real Estate Equities worth $86,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ARE. Mutual of America Capital Management LLC increased its stake in shares of Alexandria Real Estate Equities by 24.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 43,196 shares of the real estate investment trust's stock valued at $5,476,000 after buying an additional 8,555 shares during the period. Whittier Trust Co. increased its stake in shares of Alexandria Real Estate Equities by 36.0% during the fourth quarter. Whittier Trust Co. now owns 75,337 shares of the real estate investment trust's stock valued at $9,550,000 after buying an additional 19,931 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Alexandria Real Estate Equities by 19.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 161,070 shares of the real estate investment trust's stock valued at $20,419,000 after buying an additional 25,955 shares during the period. Tobam increased its stake in shares of Alexandria Real Estate Equities by 87.3% during the fourth quarter. Tobam now owns 1,103 shares of the real estate investment trust's stock valued at $140,000 after buying an additional 514 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Alexandria Real Estate Equities by 204.3% during the fourth quarter. SG Americas Securities LLC now owns 17,866 shares of the real estate investment trust's stock valued at $2,265,000 after buying an additional 11,994 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ARE shares. JMP Securities reissued a "market outperform" rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Evercore ISI dropped their price target on Alexandria Real Estate Equities from $137.00 to $132.00 and set an "outperform" rating on the stock in a research report on Thursday. Mizuho lifted their price target on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a "buy" rating in a research report on Wednesday, January 3rd. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday. Finally, StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, March 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.75.

Alexandria Real Estate Equities Stock Down 0.9 %

Alexandria Real Estate Equities stock traded down $1.06 during mid-day trading on Friday, hitting $116.24. The company had a trading volume of 888,255 shares, compared to its average volume of 756,042. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average price is $122.98 and its two-hundred day moving average price is $117.22. Alexandria Real Estate Equities, Inc. has a 12 month low of $90.73 and a 12 month high of $135.45. The company has a market capitalization of $20.33 billion, a PE ratio of 108.64, a price-to-earnings-growth ratio of 2.68 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.87% and a net margin of 6.65%. The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same period last year, the firm posted $2.14 earnings per share. The company's revenue was up 13.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.37%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 474.77%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, CEO Peter M. Moglia sold 3,200 shares of the business's stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares of the company's stock, valued at $30,686,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Joel S. Marcus sold 7,500 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the transaction, the chairman now directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company's stock.

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.