KBC Group NV Has $6.32 Million Stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE)


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KBC Group NV boosted its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 70.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,490 shares of the real estate investment trust’s stock after purchasing an additional 15,968 shares during the period. KBC Group NV’s holdings in Alexandria Real Estate Equities were worth $6,323,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Platte River Wealth Advisors LLC increased its holdings in Alexandria Real Estate Equities by 1.3% in the first quarter. Platte River Wealth Advisors LLC now owns 4,660 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 60 shares during the period. CX Institutional increased its holdings in Alexandria Real Estate Equities by 73.3% in the fourth quarter. CX Institutional now owns 156 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Parallel Advisors LLC increased its holdings in Alexandria Real Estate Equities by 22.2% in the first quarter. Parallel Advisors LLC now owns 435 shares of the real estate investment trust’s stock valued at $72,000 after purchasing an additional 79 shares during the period. Federated Hermes Inc. increased its holdings in Alexandria Real Estate Equities by 3.4% in the fourth quarter. Federated Hermes Inc. now owns 2,522 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 84 shares during the period. Finally, Wetherby Asset Management Inc. increased its holdings in Alexandria Real Estate Equities by 4.5% in the fourth quarter. Wetherby Asset Management Inc. now owns 2,059 shares of the real estate investment trust’s stock valued at $367,000 after purchasing an additional 89 shares during the period. Institutional investors and hedge funds own 87.58% of the company’s stock.

In other news, CEO Stephen Richardson sold 10,000 shares of the stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $166.41, for a total transaction of $1,664,100.00. Following the transaction, the chief executive officer now owns 201,163 shares of the company’s stock, valued at approximately $33,475,534.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vincent Ciruzzi sold 1,865 shares of the stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $179.21, for a total transaction of $334,226.65. Following the transaction, the insider now directly owns 50,248 shares in the company, valued at approximately $9,004,944.08. The disclosure for this sale can be found here. Insiders have sold a total of 39,265 shares of company stock worth $6,790,971 in the last three months. Insiders own 1.12% of the company’s stock.

Separately, Robert W. Baird restated a “buy” rating on shares of Alexandria Real Estate Equities in a report on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $180.71.

Alexandria Real Estate Equities stock opened at $179.96 on Tuesday. The company has a market capitalization of $26.54 billion, a PE ratio of 41.56, a PEG ratio of 4.39 and a beta of 0.80. Alexandria Real Estate Equities, Inc. has a 12-month low of $136.52 and a 12-month high of $181.43. The firm’s fifty day moving average is $171.96 and its 200 day moving average is $167.55. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Sunday, April 25th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($1.81). The company had revenue of $479.85 million for the quarter, compared to analyst estimates of $484.48 million. Alexandria Real Estate Equities had a net margin of 29.07% and a return on equity of 4.79%. Alexandria Real Estate Equities’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. Sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 7.29 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.42%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 62.64%.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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

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