PGGM Investments Purchases 33,512 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

PGGM Investments boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 685,983 shares of the real estate investment trust’s stock after acquiring an additional 33,512 shares during the quarter. Alexandria Real Estate Equities makes up about 1.3% of PGGM Investments’ portfolio, making the stock its 20th biggest position. PGGM Investments’ holdings in Alexandria Real Estate Equities were worth $86,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its position 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 worth $5,476,000 after acquiring an additional 8,555 shares during the period. Whittier Trust Co. increased its position 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 worth $9,550,000 after acquiring an additional 19,931 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $20,419,000 after acquiring an additional 25,955 shares during the period. Tobam increased its position 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 worth $140,000 after acquiring an additional 514 shares during the period. Finally, SG Americas Securities LLC increased its position 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 worth $2,265,000 after acquiring an additional 11,994 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Alexandria Real Estate Equities Stock Down 0.9 %

ARE traded down $1.06 during trading on Friday, hitting $116.24. The stock had a trading volume of 888,255 shares, compared to its average volume of 756,042. The company has a market capitalization of $20.33 billion, a PE ratio of 108.63, a PEG ratio of 2.68 and a beta of 1.05. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.26 and a current ratio of 0.30. The stock has a 50 day simple moving average of $122.98 and a two-hundred day simple moving average of $117.10.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The firm had revenue of $757.22 million during the quarter, compared to analyst estimates of $740.16 million. During the same quarter last year, the business earned $2.14 earnings per share. Alexandria Real Estate Equities’s revenue was up 13.0% on a year-over-year basis. On average, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.46 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. JMP Securities reiterated a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Mizuho increased their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $136.75.

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.