KBC Group NV Sells 7,553 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

KBC Group NV lowered its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,797 shares of the real estate investment trust's stock after selling 7,553 shares during the quarter. KBC Group NV owned about 0.09% of Alexandria Real Estate Equities worth $15,784,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Pathway Financial Advisers LLC boosted its holdings in Alexandria Real Estate Equities by 11,449.8% in the 3rd 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. National Bank of Canada FI raised its position in shares of Alexandria Real Estate Equities by 350.0% in the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock valued at $40,536,000 after buying an additional 265,508 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Alexandria Real Estate Equities by 501.1% in the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust's stock valued at $34,539,000 after buying an additional 242,466 shares during the period. BNP Paribas Financial Markets grew its position in Alexandria Real Estate Equities by 114.9% during the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock worth $51,706,000 after buying an additional 232,817 shares in the last quarter. Finally, Castle Hook Partners LP bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth $14,319,000. Institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. JPMorgan Chase & Co. cut shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. JMP Securities reiterated a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday. Finally, Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research report on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $121.90.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded down $1.27 during trading hours on Wednesday, reaching $95.98. The stock had a trading volume of 1,585,669 shares, compared to its average volume of 1,411,868. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 12 month low of $94.35 and a 12 month high of $130.14. The stock has a market capitalization of $16.77 billion, a PE ratio of 58.52, a PEG ratio of 3.85 and a beta of 1.16. The company's 50-day moving average is $101.92 and its two-hundred day moving average is $111.87.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback program on Monday, December 9th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $1.32 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. This represents a $5.28 annualized dividend and a yield of 5.50%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 321.95%.

Alexandria Real Estate Equities Company 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.