Canada Pension Plan Investment Board Has $476.46 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Canada Pension Plan Investment Board increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,073,312 shares of the real estate investment trust’s stock after acquiring an additional 35,216 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Alexandria Real Estate Equities were worth $476,455,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 171 shares during the period. Mather Group LLC. acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. UMB Bank n.a. boosted its position in Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares during the period. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Finally, Riverview Trust Co acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $37,000. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of recent analyst reports. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Evercore ISI boosted their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Stock Down 1.3 %

Alexandria Real Estate Equities stock opened at $122.22 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45. The firm’s fifty day moving average is $118.99 and its 200 day moving average is $119.89. The company has a market capitalization of $21.37 billion, a PE ratio of 114.22, a PEG ratio of 4.20 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The company had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.24 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.25%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

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.