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) by 315.9% in the third quarter, Holdings Channel.com reports. The fund owned 169,350 shares of the real estate investment trust’s stock after purchasing an additional 128,634 shares during the period. KBC Group NV’s holdings in Alexandria Real Estate Equities were worth $20,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ARE. Catalyst Capital Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the third quarter valued at $30,000. UMB Bank n.a. grew its position in Alexandria Real Estate Equities by 132.8% during the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities in the 2nd quarter worth about $33,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $105.55 on Friday. The stock has a market capitalization 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 one year low of $102.24 and a one year high of $135.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The business’s 50 day simple moving average is $117.32 and its two-hundred day simple moving average is $117.92.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.26 earnings per share. Analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.93%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 317.07%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ARE. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $135.00 to $112.00 in a report on Friday. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Robert W. Baird dropped their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.30.

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.