Alexandria Real Estate Equities, Inc. (ARE) Shares Sold by KBC Group NV

KBC Group NV decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 57.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,255 shares of the real estate investment trust’s stock after selling 36,463 shares during the quarter. KBC Group NV’s holdings in Alexandria Real Estate Equities were worth $3,283,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ARE. Gateway Investment Advisers LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $622,000. Hartford Investment Management Co. purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $2,231,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 100 shares during the period. Whittier Trust Co. raised its stake in shares of Alexandria Real Estate Equities by 4.9% in the first quarter. Whittier Trust Co. now owns 12,720 shares of the real estate investment trust’s stock valued at $1,406,000 after acquiring an additional 593 shares during the period. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at $475,000.

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Shares of Alexandria Real Estate Equities, Inc. (ARE) traded down 0.62% on Friday, reaching $119.36. 1,163,919 shares of the company’s stock traded hands. The firm’s 50 day moving average is $120.58 and its 200 day moving average is $117.18. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The firm has a market capitalization of $11.18 billion, a P/E ratio of 269.44 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same quarter in the previous year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.88%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

Several equities research analysts have recently weighed in on ARE shares. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC raised their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and an average price target of $128.25.

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the executive vice president now owns 158,000 shares in the company, valued at $19,051,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Peter M. Moglia sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the completion of the transaction, the insider now owns 91,867 shares in the company, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. Insiders have sold a total of 49,893 shares of company stock valued at $6,019,969 in the last quarter. 1.60% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)




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