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

Metis Global Partners LLC grew its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 25.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,722 shares of the real estate investment trust’s stock after acquiring an additional 3,781 shares during the quarter. Metis Global Partners LLC’s holdings in Alexandria Real Estate Equities were worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARE. Raymond James & Associates increased its holdings in Alexandria Real Estate Equities by 3.8% during the 3rd quarter. Raymond James & Associates now owns 63,703 shares of the real estate investment trust’s stock worth $6,377,000 after purchasing an additional 2,322 shares during the last quarter. New York State Teachers Retirement System grew its position in Alexandria Real Estate Equities by 2.2% in the 3rd quarter. New York State Teachers Retirement System now owns 148,525 shares of the real estate investment trust’s stock worth $14,867,000 after purchasing an additional 3,256 shares during the last quarter. Mackenzie Financial Corp boosted its position in shares of Alexandria Real Estate Equities by 4.2% during the third quarter. Mackenzie Financial Corp now owns 15,885 shares of the real estate investment trust’s stock worth $1,544,000 after buying an additional 638 shares during the period. Strs Ohio raised its stake in Alexandria Real Estate Equities by 27.8% during the 3rd quarter. Strs Ohio now owns 499,635 shares of the real estate investment trust’s stock valued at $50,013,000 after acquiring an additional 108,700 shares in the last quarter. Finally, IFM Investors Pty Ltd grew its stake in shares of Alexandria Real Estate Equities by 2.1% in the third quarter. IFM Investors Pty Ltd now owns 33,611 shares of the real estate investment trust’s stock worth $3,364,000 after purchasing an additional 686 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Up 1.1 %

Shares of ARE opened at $121.13 on Tuesday. The stock’s fifty day simple moving average is $122.75 and its 200-day simple moving average is $118.17. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $21.18 billion, a PE ratio of 112.03, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. Alexandria Real Estate Equities, Inc. has a 12-month low of $90.73 and a 12-month high of $135.45.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Wednesday, March 27th. Alexandria Real Estate Equities’s dividend payout ratio is 474.77%.

Analyst Upgrades and Downgrades

ARE has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Wedbush restated an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 24th. Finally, Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $136.75.

Insider Activity at Alexandria Real Estate Equities

In other news, CEO Peter M. Moglia sold 3,200 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at approximately $30,686,040.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction on Friday, March 1st. The stock was sold at an average price of $122.90, for a total transaction of $393,280.00. Following the transaction, the chief executive officer now directly owns 249,683 shares in the company, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by company insiders.

Alexandria Real Estate Equities 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.