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

Metis Global Partners LLC boosted its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 17.0% in the third quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in ARE. M&G Plc purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at approximately $204,001,000. Pathway Financial Advisers LLC raised its holdings in Alexandria Real Estate Equities by 11,449.8% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after acquiring an additional 1,411,304 shares during the period. Raymond James & Associates raised its holdings in Alexandria Real Estate Equities by 501.1% during the 3rd quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after acquiring an additional 242,466 shares during the period. Vanguard Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after acquiring an additional 156,643 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Alexandria Real Estate Equities by 315.9% in the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after acquiring an additional 128,634 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $108.26 on Friday. 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 company has a fifty day moving average of $117.50 and a 200-day moving average of $117.98. Alexandria Real Estate Equities, Inc. has a 52-week low of $102.24 and a 52-week high of $135.45. The company has a market capitalization of $18.92 billion, a P/E ratio of 66.01, a P/E/G ratio of 4.05 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period last year, the company posted $2.26 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ARE shares. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Wedbush lowered 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 report on Wednesday, October 23rd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Evercore ISI decreased their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average target price of $131.10.

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.