ING Groep NV Has $838,000 Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Key Points

• ING Groep NV has significantly reduced its holdings in Alexandria Real Estate Equities by 54.4%, bringing its position down to 9,058 shares valued at $838,000.
• Several institutional investors, including Bank of America Corp DE, have notably increased their positions in Alexandria Real Estate Equities, with Bank of America raising its stake by 218.1% in the last quarter.
• Analysts have lowered their target prices for Alexandria Real Estate Equities, with the average target currently at $97.17, reflecting a cautious outlook from ten analysts who have rated it as a "hold."

ING Groep NV decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 54.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 9,058 shares of the real estate investment trust's stock after selling 10,808 shares during the period. ING Groep NV's holdings in Alexandria Real Estate Equities were worth $838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of Alexandria Real Estate Equities by 218.1% in the 4th quarter. Bank of America Corp DE now owns 1,164,554 shares of the real estate investment trust's stock valued at $113,602,000 after buying an additional 798,438 shares in the last quarter. Private Trust Co. NA increased its position in shares of Alexandria Real Estate Equities by 19.2% in the 1st quarter. Private Trust Co. NA now owns 925 shares of the real estate investment trust's stock valued at $86,000 after buying an additional 149 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Alexandria Real Estate Equities by 53.8% in the 4th quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after buying an additional 15,012 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Alexandria Real Estate Equities by 35.0% in the 4th quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock valued at $2,534,000 after buying an additional 6,741 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Alexandria Real Estate Equities by 33.9% in the 4th quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock valued at $3,581,000 after buying an additional 9,295 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ARE shares. Wedbush reduced their target price on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research note on Wednesday, April 30th. Jefferies Financial Group reduced their target price on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research note on Friday, April 11th. Baird R W reduced their target price on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research note on Thursday, June 12th. BNP Paribas Exane reduced their target price on shares of Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Citigroup reduced their target price on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of "Hold" and an average price target of $97.17.

Alexandria Real Estate Equities Stock Down 0.5%

Shares of Alexandria Real Estate Equities stock traded down $0.36 during trading hours on Friday, reaching $74.20. 914,915 shares of the company's stock were exchanged, compared to its average volume of 1,741,159. The company has a 50 day moving average of $75.42 and a two-hundred day moving average of $82.94. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $12.83 billion, a P/E ratio of -570.78, a P/E/G ratio of 6.28 and a beta of 1.24.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. During the same period last year, the business posted $2.36 EPS. Alexandria Real Estate Equities's revenue was down .6% on a year-over-year basis. On average, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 7.1%. The ex-dividend date was Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is -4,061.54%.

Alexandria Real Estate Equities 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.