BNP Paribas Financial Markets Has $51.71 Million Stock Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

BNP Paribas Financial Markets boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 114.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 435,416 shares of the real estate investment trust’s stock after buying an additional 232,817 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.25% of Alexandria Real Estate Equities worth $51,706,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Alexandria Real Estate Equities during the 3rd quarter valued at $30,000. UMB Bank n.a. boosted its holdings in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 154 shares during the period. Rothschild Investment LLC acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter worth $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 144.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the period. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $110.52 on Friday. The stock has a market capitalization of $19.31 billion, a P/E ratio of 67.39, a price-to-earnings-growth ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 1 year low of $102.89 and a 1 year high of $135.45. The firm has a 50 day moving average of $114.57 and a 200-day moving average of $117.14. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The business had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the previous year, the company posted $2.26 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.71%. Alexandria Real Estate Equities’s payout ratio is 317.07%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated 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 note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $135.00 to $112.00 in a report on Friday, November 15th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Wedbush decreased their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $133.00 to $121.00 in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $126.73.

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.