MML Investors Services LLC Increases Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

MML Investors Services LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 217.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,087 shares of the real estate investment trust's stock after acquiring an additional 13,769 shares during the period. MML Investors Services LLC's holdings in Alexandria Real Estate Equities were worth $2,385,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Alexandria Real Estate Equities during the 3rd quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities during the third quarter valued at approximately $30,000. UMB Bank n.a. raised its stake in Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust's stock worth $32,000 after buying an additional 154 shares in the last quarter. Rothschild Investment LLC bought a new stake in Alexandria Real Estate Equities during the 2nd quarter valued at $33,000. Finally, Venturi Wealth Management LLC boosted its position in 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 valued at $36,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $125.00 target price (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Citigroup cut Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. JMP Securities reduced their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a research report on Friday, November 15th. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and lowered their price target for the stock from $135.00 to $112.00 in a report on Friday, November 15th. Finally, Evercore ISI lowered their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research note on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $125.82.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock traded down $1.22 during trading hours on Monday, reaching $101.44. The company had a trading volume of 1,285,382 shares, compared to its average volume of 1,012,811. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.34 and a 12-month high of $131.82. The company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 61.85, a PEG ratio of 3.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a fifty day moving average of $111.23 and a 200-day moving average of $115.77.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The company had revenue of $791.60 million during the quarter, compared to analysts' expectations of $766.97 million. Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm's quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 earnings per share. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities declared that its board has approved a stock repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.21%. The ex-dividend date is Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 321.95%.

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.