MML Investors Services LLC Has $2.39 Million Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

MML Investors Services LLC grew its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 217.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,087 shares of the real estate investment trust’s stock after buying an additional 13,769 shares during the quarter. MML Investors Services LLC’s holdings in Alexandria Real Estate Equities were worth $2,385,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc grew its position in Alexandria Real Estate Equities by 67.3% during the 3rd quarter. CIBC Asset Management Inc now owns 37,276 shares of the real estate investment trust’s stock worth $4,427,000 after acquiring an additional 14,992 shares during the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock worth $169,056,000 after purchasing an additional 1,411,304 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 10.0% in the third quarter. Natixis Advisors LLC now owns 120,098 shares of the real estate investment trust’s stock valued at $14,262,000 after buying an additional 10,917 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock valued at $291,045,000 after buying an additional 72,934 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Alexandria Real Estate Equities by 117.7% in the 2nd quarter. National Bank of Canada FI now owns 75,849 shares of the real estate investment trust’s stock valued at $8,784,000 after buying an additional 41,002 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $135.00 to $112.00 in a report on Friday, November 15th. JMP Securities cut their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $133.00 to $121.00 in a research report on Wednesday, November 27th. Finally, Robert W. Baird reduced their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus target price of $125.82.

Alexandria Real Estate Equities Trading Down 0.0 %

Shares of ARE stock opened at $102.66 on Monday. The company has a market cap of $17.94 billion, a P/E ratio of 62.60, a PEG ratio of 3.87 and a beta of 1.14. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $101.39 and a fifty-two week high of $135.45. The stock has a 50 day simple moving average of $111.47 and a two-hundred day simple moving average of $115.88. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20.

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

Alexandria Real Estate Equities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

Alexandria Real Estate Equities declared that its board has authorized a share repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its shares are undervalued.

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.