BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 53.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,167 shares of the real estate investment trust’s stock after purchasing an additional 10,457 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Alexandria Real Estate Equities were worth $3,529,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARE. Mather Group LLC. purchased a new position in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $30,000. UMB Bank n.a. grew its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $33,000. Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth $37,000. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter worth about $43,000. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ARE has been the subject of a number of research analyst reports. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Royal Bank of Canada reduced their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the company from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, Evercore ISI upped their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $130.70.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $121.03 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 113.11, a price-to-earnings-growth ratio of 4.26 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $90.73 and a 52-week high of $135.45. The stock’s 50-day simple moving average is $118.54 and its 200 day simple moving average is $119.82.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The firm had revenue of $766.70 million during the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.24 earnings per share. Research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.30 dividend. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.30%. Alexandria Real Estate Equities’s payout ratio is currently 485.98%.

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.