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

KBC Group NV reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 66.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,988 shares of the real estate investment trust’s stock after selling 15,928 shares during the quarter. KBC Group NV’s holdings in Alexandria Real Estate Equities were worth $371,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ARE. Farther Finance Advisors LLC grew its holdings in Alexandria Real Estate Equities by 18.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,228 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alexandria Real Estate Equities by 0.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,443 shares of the real estate investment trust’s stock valued at $1,711,000 after acquiring an additional 198 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Alexandria Real Estate Equities by 2.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,200 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 200 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Alexandria Real Estate Equities by 109.6% during the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 228 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Alexandria Real Estate Equities by 33.9% during the fourth quarter. Quarry LP now owns 991 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 251 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

ARE opened at $50.98 on Monday. The stock has a fifty day simple moving average of $50.51 and a two-hundred day simple moving average of $50.39. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. The company has a market cap of $8.88 billion, a price-to-earnings ratio of -8.13, a price-to-earnings-growth ratio of 6.21 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12-month low of $39.41 and a 12-month high of $88.24.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 EPS for the quarter, meeting the consensus estimate of $1.73. The business had revenue of $671.02 million during the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The company’s revenue for the quarter was down 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 earnings per share. Research analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid 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 yield of 5.6%. Alexandria Real Estate Equities’s payout ratio is presently -45.93%.

Insider Buying and Selling

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Robert W. Baird reissued a “neutral” rating and issued a $46.00 target price (down from $67.00) on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Jefferies Financial Group dropped their price objective on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Cantor Fitzgerald cut their price objective on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Reduce” and an average price target of $51.08.

About Alexandria Real Estate Equities

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.