Healthcare of Ontario Pension Plan Trust Fund Invests $8.63 Million in Alexandria Real Estate Equities, Inc. (NYSE:ARE)


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Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 4th quarter, Holdings Channel reports. The institutional investor bought 48,400 shares of the real estate investment trust’s stock, valued at approximately $8,626,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. PGGM Investments boosted its holdings in shares of Alexandria Real Estate Equities by 77.9% during the 4th quarter. PGGM Investments now owns 2,306,079 shares of the real estate investment trust’s stock valued at $410,989,000 after purchasing an additional 1,010,135 shares during the last quarter. BlackRock Inc. lifted its position in shares of Alexandria Real Estate Equities by 7.1% in the fourth quarter. BlackRock Inc. now owns 13,087,609 shares of the real estate investment trust’s stock worth $2,332,473,000 after buying an additional 869,729 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Alexandria Real Estate Equities by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,831,887 shares of the real estate investment trust’s stock valued at $861,138,000 after buying an additional 400,135 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Alexandria Real Estate Equities by 1,013.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 316,307 shares of the real estate investment trust’s stock valued at $56,372,000 after buying an additional 287,904 shares in the last quarter. Finally, Causeway Capital Management LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at approximately $39,921,000. Institutional investors own 87.58% of the company’s stock.

Shares of NYSE:ARE opened at $170.00 on Thursday. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 39.26, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80. Alexandria Real Estate Equities, Inc. has a 52 week low of $136.52 and a 52 week high of $179.79. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The firm has a 50 day moving average of $165.17 and a 200 day moving average of $165.77.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, February 1st. The real estate investment trust reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $2.61. Alexandria Real Estate Equities had a return on equity of 4.79% and a net margin of 29.07%. During the same quarter in the previous year, the firm posted $1.74 EPS. On average, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 7.29 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be paid a $1.09 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $4.36 annualized dividend and a yield of 2.56%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 62.64%.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 10,000 shares of Alexandria Real Estate Equities stock in a transaction on Monday, March 15th. The shares were sold at an average price of $166.41, for a total value of $1,664,100.00. Following the transaction, the chief executive officer now directly owns 201,163 shares of the company’s stock, valued at $33,475,534.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James P. Cain sold 400 shares of the company’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of $168.01, for a total value of $67,204.00. Following the transaction, the director now directly owns 4,506 shares in the company, valued at $757,053.06. The disclosure for this sale can be found here. Insiders sold 20,400 shares of company stock valued at $3,407,004 over the last quarter. 1.12% of the stock is currently owned by corporate insiders.

Separately, Robert W. Baird upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to an “outperform” rating and set a $194.00 price target on the stock in a research report on Thursday, January 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average price target of $160.63.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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