Metis Global Partners LLC Has $4.38 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Metis Global Partners LLC raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,878 shares of the real estate investment trust’s stock after purchasing an additional 5,367 shares during the quarter. Metis Global Partners LLC’s holdings in Alexandria Real Estate Equities were worth $4,379,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ARE. Empowered Funds LLC grew its position in shares of Alexandria Real Estate Equities by 27.0% in the 1st quarter. Empowered Funds LLC now owns 2,326 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 494 shares during the last quarter. Bleakley Financial Group LLC raised its holdings in Alexandria Real Estate Equities by 7.2% during the 1st quarter. Bleakley Financial Group LLC now owns 1,758 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 118 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its position in shares of Alexandria Real Estate Equities by 7.6% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 3,185 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 226 shares during the period. M&G Plc bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter valued at $204,001,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Alexandria Real Estate Equities by 138.0% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 206,146 shares of the real estate investment trust’s stock worth $26,149,000 after buying an additional 119,541 shares during the period. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ARE. Wedbush cut 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 report on Wednesday, October 23rd. JMP Securities reissued a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Robert W. Baird reduced their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their target price for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $131.10.

Alexandria Real Estate Equities Trading Down 0.7 %

ARE opened at $108.26 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The company’s 50-day moving average is $117.50 and its 200 day moving average is $117.98. The firm has a market capitalization of $18.92 billion, a PE ratio of 66.01, a P/E/G ratio of 4.05 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $102.24 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The company had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. During the same period in the previous year, the firm earned $2.26 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Monday, September 30th. 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.