Massachusetts Financial Services Co. MA Has $133.83 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Massachusetts Financial Services Co. MA trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,126,977 shares of the real estate investment trust's stock after selling 18,882 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.64% of Alexandria Real Estate Equities worth $133,829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BDF Gestion acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $2,560,000. CIBC Asset Management Inc raised its position in shares of Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust's stock valued at $4,427,000 after acquiring an additional 14,992 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of Alexandria Real Estate Equities by 99.2% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 9,660 shares of the real estate investment trust's stock valued at $1,130,000 after purchasing an additional 4,811 shares during the period. Pathway Financial Advisers LLC boosted its position in shares of Alexandria Real Estate Equities by 11,449.8% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust's stock worth $169,056,000 after purchasing an additional 1,411,304 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 12.8% in the 1st quarter. Kennedy Capital Management LLC now owns 88,761 shares of the real estate investment trust's stock worth $11,442,000 after purchasing an additional 10,093 shares during the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARE. Bank of America lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and cut their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Evercore ISI decreased their price target on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Finally, Citigroup cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $127.30.

Alexandria Real Estate Equities Stock Up 2.3 %

Shares of Alexandria Real Estate Equities stock traded up $2.41 during trading on Friday, reaching $108.30. The stock had a trading volume of 1,308,508 shares, compared to its average volume of 1,181,432. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 66.04, a P/E/G ratio of 3.97 and a beta of 1.16. The stock has a fifty day moving average price of $115.57 and a two-hundred day moving average price of $117.36. Alexandria Real Estate Equities, Inc. has a 52 week low of $102.89 and a 52 week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released 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). The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company's revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 EPS. Sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.80%. Alexandria Real Estate Equities's payout ratio is currently 317.07%.

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.