APG Asset Management N.V. Purchases Shares of 86,700 Alexandria Real Estate Equities, Inc. (NYSE:ARE)

APG Asset Management N.V. acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 86,700 shares of the real estate investment trust’s stock, valued at approximately $8,168,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of Alexandria Real Estate Equities by 93.6% during the 3rd quarter. Stifel Financial Corp now owns 81,413 shares of the real estate investment trust’s stock valued at $9,668,000 after purchasing an additional 39,358 shares during the last quarter. Wellington Management Group LLP increased its position in Alexandria Real Estate Equities by 96.2% during the 3rd quarter. Wellington Management Group LLP now owns 27,418 shares of the real estate investment trust’s stock valued at $3,256,000 after buying an additional 13,447 shares in the last quarter. XTX Topco Ltd raised its stake in Alexandria Real Estate Equities by 16.0% in the third quarter. XTX Topco Ltd now owns 5,800 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 798 shares during the last quarter. MML Investors Services LLC boosted its holdings in Alexandria Real Estate Equities by 217.9% in the third quarter. MML Investors Services LLC now owns 20,087 shares of the real estate investment trust’s stock worth $2,385,000 after acquiring an additional 13,769 shares in the last quarter. Finally, Toronto Dominion Bank grew its stake in shares of Alexandria Real Estate Equities by 0.5% during the third quarter. Toronto Dominion Bank now owns 77,257 shares of the real estate investment trust’s stock worth $9,174,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $74.38 on Friday. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $71.57 and a fifty-two week high of $130.14. The firm has a market capitalization of $12.87 billion, a P/E ratio of 41.32, a price-to-earnings-growth ratio of 3.93 and a beta of 1.24. The stock’s fifty day moving average is $94.43 and its two-hundred day moving average is $102.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date is Monday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 293.33%.

Analysts Set New Price Targets

ARE has been the subject of several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Royal Bank of Canada decreased their price target on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a “hold” rating and a $100.00 price objective on the stock. Wedbush restated a “neutral” rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $118.60.

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.