Massachusetts Financial Services Co. MA Raises Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,145,859 shares of the real estate investment trust’s stock after acquiring an additional 1,956 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.66% of Alexandria Real Estate Equities worth $134,031,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Alexandria Real Estate Equities by 275.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares during the period. Mather Group LLC. purchased a new stake in Alexandria Real Estate Equities in the 1st quarter valued at about $30,000. UMB Bank n.a. grew its stake in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 154 shares in the last quarter. Rothschild Investment LLC purchased a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $33,000. Finally, Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $37,000. Institutional investors own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their target price for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Finally, Evercore ISI boosted their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $130.70.

Alexandria Real Estate Equities Trading Down 0.1 %

NYSE:ARE opened at $123.86 on Thursday. The stock has a market capitalization of $21.66 billion, a price-to-earnings ratio of 115.76, a PEG ratio of 4.20 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $119.04 and a 200 day moving average of $119.88.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business had revenue of $766.70 million for the quarter, compared to analysts’ expectations of $775.03 million. During the same quarter in the prior year, the company posted $2.24 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.20%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

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.