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

KBC Group NV reduced its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 77.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,736 shares of the real estate investment trust's stock after selling 126,061 shares during the period. KBC Group NV's holdings in Alexandria Real Estate Equities were worth $3,306,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE grew its position in shares of Alexandria Real Estate Equities by 218.1% during 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 acquiring an additional 798,438 shares during the period. ProShare Advisors LLC grew its holdings in Alexandria Real Estate Equities by 53.8% during the fourth quarter. ProShare Advisors LLC now owns 42,925 shares of the real estate investment trust's stock valued at $4,187,000 after purchasing an additional 15,012 shares during the period. Magnetar Financial LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter valued at about $968,000. Cetera Investment Advisers increased its position in Alexandria Real Estate Equities by 35.0% in the fourth quarter. Cetera Investment Advisers now owns 25,980 shares of the real estate investment trust's stock worth $2,534,000 after buying an additional 6,741 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Alexandria Real Estate Equities by 33.9% in the fourth quarter. Wellington Management Group LLP now owns 36,713 shares of the real estate investment trust's stock worth $3,581,000 after buying an additional 9,295 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ARE shares. Jefferies Financial Group reduced their target price on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a report on Friday, April 11th. Baird R W dropped their price target on shares of Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Mizuho decreased their price objective on shares of Alexandria Real Estate Equities from $121.00 to $91.00 in a research report on Thursday, June 12th. JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, BNP Paribas Exane cut their price target on 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. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $99.54.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded up $0.69 during midday trading on Friday, hitting $76.96. 904,443 shares of the company traded hands, compared to its average volume of 1,375,069. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 101.26, a PEG ratio of 6.48 and a beta of 1.25. The firm has a 50 day moving average of $72.30 and a 200-day moving average of $86.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. Alexandria Real Estate Equities, Inc. has a 52 week low of $67.37 and a 52 week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 0.64% and a net margin of 4.62%. The company had revenue of $758.16 million during the quarter, compared to analyst estimates of $755.64 million. During the same period in the prior year, the company earned $2.35 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

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.