BNP Paribas Financial Markets Buys 232,817 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BNP Paribas Financial Markets grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 114.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 435,416 shares of the real estate investment trust's stock after acquiring an additional 232,817 shares during the period. BNP Paribas Financial Markets owned 0.25% of Alexandria Real Estate Equities worth $51,706,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. BDF Gestion bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $2,560,000. CIBC Asset Management Inc boosted its position in Alexandria Real Estate Equities by 67.3% during the third quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock worth $4,427,000 after purchasing an additional 14,992 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in Alexandria Real Estate Equities by 99.2% during the second quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust's stock valued at $1,130,000 after purchasing an additional 4,811 shares during the last quarter. Pathway Financial Advisers LLC raised its position in shares of Alexandria Real Estate Equities by 11,449.8% in the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock valued at $169,056,000 after purchasing an additional 1,411,304 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 10.0% in the third quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust's stock worth $14,262,000 after buying an additional 10,917 shares during the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ARE shares. Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. Robert W. Baird decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Wedbush reduced their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average price target of $126.73.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded down $0.35 during mid-day trading on Friday, reaching $110.17. 715,273 shares of the company were exchanged, compared to its average volume of 1,003,347. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market cap of $19.25 billion, a PE ratio of 67.39, a PEG ratio of 4.14 and a beta of 1.16. The company has a fifty day moving average of $114.57 and a 200 day moving average of $117.14. Alexandria Real Estate Equities, Inc. has a 12 month low of $102.89 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same period in the prior year, the firm posted $2.26 earnings per share. The business's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.72%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is 317.07%.

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.