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Pensionfund DSM Netherlands lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) by 5.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,700 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the period. Alexandria Real Estate Equities accounts for 1.6% of Pensionfund DSM Netherlands’ portfolio, making the stock its 24th largest position. Pensionfund DSM Netherlands’ holdings in Alexandria Real Estate Equities were worth $2,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $2,277,135,000. Canada Pension Plan Investment Board increased its position in Alexandria Real Estate Equities by 29.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,913,856 shares of the real estate investment trust’s stock worth $548,683,000 after purchasing an additional 885,711 shares during the period. Centersquare Investment Management LLC raised its holdings in Alexandria Real Estate Equities by 188.7% during the 1st quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock worth $269,938,000 after purchasing an additional 876,725 shares during the last quarter. Deutsche Bank AG lifted its position in Alexandria Real Estate Equities by 318.0% during the 4th quarter. Deutsche Bank AG now owns 1,057,562 shares of the real estate investment trust’s stock valued at $154,055,000 after purchasing an additional 804,563 shares during the period. Finally, Heitman Real Estate Securities LLC boosted its stake in shares of Alexandria Real Estate Equities by 3,924.1% in the 4th quarter. Heitman Real Estate Securities LLC now owns 538,222 shares of the real estate investment trust’s stock valued at $78,403,000 after purchasing an additional 524,847 shares during the last quarter. Institutional investors own 89.81% of the company’s stock.
Alexandria Real Estate Equities Stock Down 3.2 %
Shares of Alexandria Real Estate Equities stock opened at $117.25 on Friday. The company has a market capitalization of $20.29 billion, a P/E ratio of 26.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.53 and a quick ratio of 0.53. The business has a 50-day moving average of $119.76 and a two-hundred day moving average of $137.30. Alexandria Real Estate Equities, Inc. has a 1 year low of $110.64 and a 1 year high of $172.65.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last posted its earnings results on Tuesday, April 25th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($1.71). Alexandria Real Estate Equities had a return on equity of 3.77% and a net margin of 28.01%. The business had revenue of $700.80 million for the quarter, compared to the consensus estimate of $686.70 million. During the same period in the previous year, the company posted $2.05 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts predict that Alexandria Real Estate Equities, Inc. will post 8.95 EPS for the current year.
Alexandria Real Estate Equities Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $1.24 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.21. This represents a $4.96 annualized dividend and a yield of 4.23%. The ex-dividend date is Thursday, June 29th. Alexandria Real Estate Equities’s payout ratio is currently 106.84%.
Analyst Ratings Changes
ARE has been the subject of a number of recent research reports. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday. Mizuho dropped their price objective on Alexandria Real Estate Equities from $180.00 to $145.00 in a report on Monday, April 24th. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $198.00 to $166.00 in a report on Thursday, May 4th. Finally, Evercore ISI lowered their price target on Alexandria Real Estate Equities from $155.00 to $144.00 and set an “outperform” rating for the company in a research note on Monday, March 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.00.
Insider Buying and Selling
In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $122.20, for a total value of $916,500.00. Following the sale, the chairman now owns 351,354 shares of the company’s stock, valued at approximately $42,935,458.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc engages in the business of providing space for lease. The firm is also an owner, operator, and developer of life science, agrotechnology, and technology campuses in Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.
See Also
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