KBC Group NV Grows Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

KBC Group NV lifted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 315.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 169,350 shares of the real estate investment trust's stock after purchasing an additional 128,634 shares during the quarter. KBC Group NV owned about 0.10% of Alexandria Real Estate Equities worth $20,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ARE. Empowered Funds LLC raised its stake in Alexandria Real Estate Equities by 27.0% in the 1st quarter. Empowered Funds LLC now owns 2,326 shares of the real estate investment trust's stock worth $300,000 after acquiring an additional 494 shares during the last quarter. Bleakley Financial Group LLC raised its stake in shares of Alexandria Real Estate Equities by 7.2% in the first quarter. Bleakley Financial Group LLC now owns 1,758 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Alexandria Real Estate Equities by 7.6% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 3,185 shares of the real estate investment trust's stock worth $411,000 after purchasing an additional 226 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its position in Alexandria Real Estate Equities by 138.0% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust's stock valued at $26,149,000 after buying an additional 119,541 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Alexandria Real Estate Equities by 0.6% in the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust's stock valued at $3,452,814,000 after buying an additional 156,643 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on ARE shares. Bank of America cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Citigroup downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Royal Bank of Canada reiterated a "sector perform" rating and set a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Evercore ISI decreased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" 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. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $127.30.

Alexandria Real Estate Equities Price Performance

Shares of NYSE:ARE traded down $2.69 during midday trading on Friday, hitting $105.58. The company's stock had a trading volume of 1,257,878 shares, compared to its average volume of 992,813. The company has a market cap of $18.45 billion, a P/E ratio of 64.36, a price-to-earnings-growth ratio of 4.08 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 12-month low of $102.24 and a 12-month high of $135.45. The business's 50 day simple moving average is $117.10 and its 200 day simple moving average is $117.82. 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 (NYSE:ARE - Get Free Report) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million during the quarter, compared to analysts' expectations of $766.97 million. During the same quarter last year, the company earned $2.26 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was up 10.9% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 317.07%.

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.