KLP Kapitalforvaltning AS Purchases New Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

KLP Kapitalforvaltning AS acquired a new position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,390 shares of the real estate investment trust’s stock, valued at approximately $9,116,000. KLP Kapitalforvaltning AS owned about 0.05% of Alexandria Real Estate Equities at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Empowered Funds LLC grew its holdings in Alexandria Real Estate Equities by 9.8% during the third quarter. Empowered Funds LLC now owns 2,903 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 259 shares in the last quarter. Raymond James Trust N.A. purchased a new position in Alexandria Real Estate Equities during the 3rd quarter worth $563,000. Cerity Partners LLC grew its stake in shares of Alexandria Real Estate Equities by 64.1% in the 3rd quarter. Cerity Partners LLC now owns 54,343 shares of the real estate investment trust’s stock worth $6,453,000 after acquiring an additional 21,237 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Alexandria Real Estate Equities by 3,129.4% in the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock valued at $65,000 after purchasing an additional 532 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Alexandria Real Estate Equities by 3.3% during the third quarter. Truvestments Capital LLC now owns 22,676 shares of the real estate investment trust’s stock valued at $2,693,000 after purchasing an additional 733 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE opened at $97.58 on Tuesday. The firm has a market capitalization of $16.89 billion, a PE ratio of 54.21, a P/E/G ratio of 3.93 and a beta of 1.17. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $98.31 and a two-hundred day moving average price of $106.25. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14.

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

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share repurchase program on Monday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.41%. Alexandria Real Estate Equities’s dividend payout ratio is currently 293.33%.

Analyst Upgrades and Downgrades

ARE has been the subject of several analyst reports. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Wedbush reaffirmed a “neutral” rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. JMP Securities reissued 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. Jefferies Financial Group started coverage on Alexandria Real Estate Equities in a research report on Monday, March 17th. They set a “hold” rating and a $100.00 target price for the company. Finally, StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $118.60.

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.