KBC Group NV Lowers Holdings in Alexandria Real Estate Equities, Inc. $ARE

KBC Group NV trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 66.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,988 shares of the real estate investment trust’s stock after selling 15,928 shares during the period. KBC Group NV’s holdings in Alexandria Real Estate Equities were worth $371,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ARE. Norges Bank bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at $805,429,000. State Street Corp grew its position in Alexandria Real Estate Equities by 0.7% during the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock worth $563,418,000 after buying an additional 75,161 shares in the last quarter. Invesco Ltd. increased its stake in Alexandria Real Estate Equities by 57.9% in the 4th quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after acquiring an additional 2,211,424 shares during the last quarter. Geode Capital Management LLC increased its stake in Alexandria Real Estate Equities by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock worth $217,466,000 after acquiring an additional 48,490 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Alexandria Real Estate Equities by 0.8% in the 4th quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock valued at $182,104,000 after acquiring an additional 29,575 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Up 0.1%

Shares of ARE opened at $50.98 on Monday. The firm has a market cap of $8.88 billion, a P/E ratio of -8.13, a P/E/G ratio of 6.21 and a beta of 1.17. The stock has a 50 day simple moving average of $50.51 and a two-hundred day simple moving average of $50.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1 year low of $39.41 and a 1 year high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting analysts’ consensus estimates of $1.73. The business had revenue of $671.02 million for the quarter, compared to analysts’ expectations of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business’s quarterly revenue was down 11.5% on a year-over-year basis. During the same period last year, the business earned $2.30 earnings per share. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.36 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a dividend yield of 5.6%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -45.93%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ARE. Royal Bank Of Canada dropped their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Morgan Stanley reaffirmed an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Citigroup reissued an “outperform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Finally, Evercore boosted their price target on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $51.08.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, CFO Marc E. Binda sold 2,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the sale, the chief financial officer directly owned 188,264 shares of the company’s stock, valued at $10,166,256. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 7,500 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of $42.72 per share, with a total value of $320,400.00. Following the completion of the transaction, the chairman owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. This trade represents a 1.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.35% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.