Metis Global Partners LLC Reduces Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Metis Global Partners LLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 37.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,060 shares of the real estate investment trust's stock after selling 13,818 shares during the quarter. Metis Global Partners LLC's holdings in Alexandria Real Estate Equities were worth $2,250,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Private Advisor Group LLC boosted its position in Alexandria Real Estate Equities by 5.1% during the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock worth $315,000 after acquiring an additional 129 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Alexandria Real Estate Equities by 28.5% during the third quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust's stock worth $375,000 after purchasing an additional 702 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Alexandria Real Estate Equities by 30.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust's stock valued at $540,000 after purchasing an additional 1,062 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Alexandria Real Estate Equities by 6.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust's stock valued at $443,000 after buying an additional 228 shares during the last quarter. Finally, US Bancorp DE increased its stake in Alexandria Real Estate Equities by 23.1% in the 3rd quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust's stock valued at $2,431,000 after buying an additional 3,847 shares during the last quarter. Institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

ARE has been the subject of several analyst reports. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. StockNews.com raised Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Friday. Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a report on Tuesday, December 17th. JMP Securities restated a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Robert W. Baird dropped their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $121.30.

Alexandria Real Estate Equities Stock Performance

ARE traded down $0.87 on Monday, reaching $101.39. The company had a trading volume of 1,177,069 shares, compared to its average volume of 1,350,679. The stock has a market cap of $17.55 billion, a P/E ratio of 56.33, a P/E/G ratio of 3.93 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $93.25 and a fifty-two week high of $130.14. The company's fifty day moving average is $97.89 and its 200 day moving average is $108.36.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 5.21%. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has authorized a stock repurchase program on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

Alexandria Real Estate Equities Company 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.