Massachusetts Financial Services Co. MA Sells 18,882 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Massachusetts Financial Services Co. MA reduced its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,126,977 shares of the real estate investment trust’s stock after selling 18,882 shares during the period. Massachusetts Financial Services Co. MA owned 0.64% of Alexandria Real Estate Equities worth $133,829,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in shares of Alexandria Real Estate Equities by 0.9% during the second quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock worth $476,455,000 after acquiring an additional 35,216 shares during the last quarter. M&G Plc raised its holdings in Alexandria Real Estate Equities by 4.9% during the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock worth $194,114,000 after purchasing an additional 77,686 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in shares of Alexandria Real Estate Equities by 11,449.8% in the 3rd 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 period. Thrivent Financial for Lutherans boosted its stake in shares of Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after purchasing an additional 10,576 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Alexandria Real Estate Equities by 0.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 860,716 shares of the real estate investment trust’s stock worth $102,210,000 after buying an additional 4,389 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ARE has been the topic of several recent analyst reports. Robert W. Baird dropped their target price on shares of 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. Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $151.00 to $126.00 in a research report on Monday, July 29th. Evercore ISI cut their price target on 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. Wedbush lowered their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Finally, Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.30.

Alexandria Real Estate Equities Price Performance

ARE opened at $108.30 on Friday. The firm’s fifty day moving average price is $115.57 and its two-hundred day moving average price is $117.37. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 66.04, a P/E/G ratio of 3.97 and a beta of 1.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1 year low of $102.89 and a 1 year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. During the same quarter last year, the business posted $2.26 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a yield of 4.80%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 317.07%.

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.