Metis Global Partners LLC Acquires 15,785 Shares of Alexandria Real Estate Equities, Inc. $ARE

Metis Global Partners LLC boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 61.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,506 shares of the real estate investment trust’s stock after purchasing an additional 15,785 shares during the quarter. Metis Global Partners LLC’s holdings in Alexandria Real Estate Equities were worth $3,015,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ARE. Penserra Capital Management LLC grew its stake in shares of Alexandria Real Estate Equities by 46.3% in the 2nd quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock worth $1,374,000 after buying an additional 5,994 shares during the last quarter. Aew Capital Management L P boosted its holdings in Alexandria Real Estate Equities by 8.1% in the second quarter. Aew Capital Management L P now owns 27,910 shares of the real estate investment trust’s stock worth $2,027,000 after acquiring an additional 2,100 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Alexandria Real Estate Equities by 0.9% in the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 189,510 shares of the real estate investment trust’s stock worth $13,764,000 after acquiring an additional 1,607 shares in the last quarter. Savant Capital LLC grew its stake in shares of Alexandria Real Estate Equities by 65.3% in the second quarter. Savant Capital LLC now owns 33,270 shares of the real estate investment trust’s stock worth $2,416,000 after acquiring an additional 13,146 shares during the last quarter. Finally, Cetera Trust Company N.A increased its holdings in shares of Alexandria Real Estate Equities by 49.4% during the second quarter. Cetera Trust Company N.A now owns 1,905 shares of the real estate investment trust’s stock valued at $138,000 after acquiring an additional 630 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ARE has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. BNP Paribas downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price on the stock. in a research note on Wednesday, October 1st. BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They set an “outperform” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. Finally, Citigroup reiterated a “neutral” rating on shares of Alexandria Real Estate Equities in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $81.71.

Alexandria Real Estate Equities Trading Up 4.6%

NYSE:ARE opened at $55.64 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.23. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of -22.52, a price-to-earnings-growth ratio of 5.06 and a beta of 1.29. Alexandria Real Estate Equities, Inc. has a one year low of $52.94 and a one year high of $114.69. The business has a fifty day moving average price of $76.85 and a 200-day moving average price of $75.59.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The company had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. During the same quarter last year, the firm posted $2.37 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 9.5%. The ex-dividend date was Tuesday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -213.77%.

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.