Triodos Investment Management BV Has $16.82 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Triodos Investment Management BV grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 20.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 172,450 shares of the real estate investment trust’s stock after buying an additional 29,200 shares during the period. Triodos Investment Management BV owned approximately 0.10% of Alexandria Real Estate Equities worth $16,822,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ARE. Norges Bank bought a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth approximately $1,605,426,000. JPMorgan Chase & Co. boosted its position in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust’s stock valued at $806,337,000 after buying an additional 5,624,163 shares during the last quarter. PGGM Investments increased its position in Alexandria Real Estate Equities by 3,602.0% in the fourth quarter. PGGM Investments now owns 958,857 shares of the real estate investment trust’s stock worth $93,537,000 after purchasing an additional 932,956 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth approximately $34,170,000. Finally, Analyst IMS Investment Management Services Ltd. lifted its stake in shares of Alexandria Real Estate Equities by 170.1% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 486,103 shares of the real estate investment trust’s stock valued at $47,419,000 after purchasing an additional 306,145 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 0.4 %

NYSE:ARE opened at $95.74 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. The company has a market cap of $16.57 billion, a P/E ratio of 53.19, a price-to-earnings-growth ratio of 3.93 and a beta of 1.17. The business has a 50 day moving average price of $98.14 and a two-hundred day moving average price of $105.97.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase program on Monday, December 9th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.51%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ARE. Royal Bank of Canada lowered their price target on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group began coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a “hold” rating and a $100.00 target price on the stock. JMP Securities reissued a “market outperform” rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Finally, Wedbush reissued 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.