KBC Group NV Has $15.78 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

KBC Group NV lessened its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 161,797 shares of the real estate investment trust’s stock after selling 7,553 shares during the quarter. KBC Group NV owned approximately 0.09% of Alexandria Real Estate Equities worth $15,784,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new stake in Alexandria Real Estate Equities during the 3rd quarter worth about $30,000. Venturi Wealth Management LLC raised its position 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 worth $36,000 after acquiring an additional 180 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $43,000. Finally, M&R Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $50,000. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ARE. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. JMP Securities cut their target price on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Royal Bank of Canada reduced their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. Finally, Evercore ISI decreased their target price on 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. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $121.90.

Alexandria Real Estate Equities Stock Performance

Shares of Alexandria Real Estate Equities stock opened at $97.19 on Wednesday. The company has a market cap of $16.98 billion, a PE ratio of 59.26, a price-to-earnings-growth ratio of 3.85 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 52 week low of $94.35 and a 52 week high of $130.14. The business has a 50 day moving average price of $102.07 and a 200-day moving average price of $112.07.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 5.43%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities’s dividend payout ratio is presently 321.95%.

Alexandria Real Estate Equities declared that its Board of Directors has authorized a share repurchase program on Monday, December 9th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.