PGGM Investments Has $155.07 Million Stake in Alexandria Real Estate Equities Inc (NYSE:ARE)

PGGM Investments decreased its position in Alexandria Real Estate Equities Inc (NYSE:ARE) by 59.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,099,114 shares of the real estate investment trust’s stock after selling 1,626,478 shares during the period. PGGM Investments’ holdings in Alexandria Real Estate Equities were worth $155,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of ARE. Janney Montgomery Scott LLC grew its position in Alexandria Real Estate Equities by 7.8% during the first quarter. Janney Montgomery Scott LLC now owns 10,874 shares of the real estate investment trust’s stock worth $1,550,000 after buying an additional 784 shares in the last quarter. TD Asset Management Inc. grew its position in Alexandria Real Estate Equities by 8.3% during the first quarter. TD Asset Management Inc. now owns 33,672 shares of the real estate investment trust’s stock worth $4,800,000 after buying an additional 2,588 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in Alexandria Real Estate Equities by 6.5% during the first quarter. DekaBank Deutsche Girozentrale now owns 9,656 shares of the real estate investment trust’s stock worth $1,297,000 after buying an additional 589 shares in the last quarter. Texas Permanent School Fund grew its position in Alexandria Real Estate Equities by 1.4% during the first quarter. Texas Permanent School Fund now owns 21,931 shares of the real estate investment trust’s stock worth $3,126,000 after buying an additional 304 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Alexandria Real Estate Equities by 249.9% during the first quarter. First Trust Advisors LP now owns 72,697 shares of the real estate investment trust’s stock worth $10,364,000 after buying an additional 51,918 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors.

In other Alexandria Real Estate Equities news, EVP Marc E. Binda sold 3,775 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.04, for a total transaction of $551,301.00. Following the completion of the sale, the executive vice president now directly owns 39,569 shares in the company, valued at $5,778,656.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jennifer Banks sold 2,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $139.93, for a total value of $279,860.00. Following the sale, the chief operating officer now owns 52,734 shares of the company’s stock, valued at $7,379,068.62. The disclosure for this sale can be found here. Insiders have sold 34,725 shares of company stock valued at $4,991,775 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

ARE has been the topic of a number of analyst reports. ValuEngine downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. GMP Securities reissued an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. Finally, Citigroup increased their price target on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $100.50.

NYSE ARE traded up $2.05 on Tuesday, hitting $144.72. 296,157 shares of the company’s stock were exchanged, compared to its average volume of 695,586. The business has a 50-day moving average price of $144.54. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.76. Alexandria Real Estate Equities Inc has a 52 week low of $109.04 and a 52 week high of $153.51. The company has a market cap of $16.43 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 4.79 and a beta of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a return on equity of 5.00% and a net margin of 28.05%. The business had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. During the same quarter in the previous year, the company earned $1.64 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $1.00 per share. The ex-dividend date was Thursday, June 27th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. This represents a $4.00 annualized dividend and a yield of 2.76%. Alexandria Real Estate Equities’s dividend payout ratio is presently 60.61%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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