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

Metis Global Partners LLC increased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,878 shares of the real estate investment trust's stock after purchasing an additional 5,367 shares during the period. Metis Global Partners LLC's holdings in Alexandria Real Estate Equities were worth $4,379,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $30,000. UMB Bank n.a. increased its holdings in shares of 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 in the last quarter. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at about $33,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $112.00 in a research note on Friday. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Citigroup cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Bank of America cut shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, JMP Securities decreased their price target on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research note on Friday. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and a consensus price target of $127.30.

Alexandria Real Estate Equities Trading Down 2.5 %

Shares of ARE traded down $2.72 during mid-day trading on Friday, hitting $105.55. The company had a trading volume of 1,257,796 shares, compared to its average volume of 992,813. The business's 50-day simple moving average is $117.32 and its 200-day simple moving average is $117.92. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities, Inc. has a 1-year low of $102.24 and a 1-year high of $135.45. The stock has a market cap of $18.45 billion, a PE ratio of 64.38, a P/E/G ratio of 4.08 and a beta of 1.16.

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

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $1.30 dividend. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.93%. Alexandria Real Estate Equities's payout ratio is 317.07%.

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.