MML Investors Services LLC Buys 6,086 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

MML Investors Services LLC increased its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 30.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,173 shares of the real estate investment trust's stock after purchasing an additional 6,086 shares during the quarter. MML Investors Services LLC's holdings in Alexandria Real Estate Equities were worth $2,553,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew its stake in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at $43,000. Spire Wealth Management boosted its holdings in shares of Alexandria Real Estate Equities by 72.5% in the 4th quarter. Spire Wealth Management now owns 595 shares of the real estate investment trust's stock worth $58,000 after buying an additional 250 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Alexandria Real Estate Equities by 129.9% during the fourth quarter. Versant Capital Management Inc now owns 745 shares of the real estate investment trust's stock valued at $73,000 after buying an additional 421 shares during the period. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Price Performance

Shares of ARE traded up $1.32 during midday trading on Friday, hitting $74.74. 402,978 shares of the company traded hands, compared to its average volume of 1,498,294. Alexandria Real Estate Equities, Inc. has a one year low of $70.57 and a one year high of $130.14. The firm has a market cap of $12.93 billion, a P/E ratio of 41.52, a PEG ratio of 3.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a 50-day moving average of $88.66 and a 200-day moving average of $98.63.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. As a group, sell-side analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $1.32 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a yield of 7.06%. Alexandria Real Estate Equities's dividend payout ratio is currently 293.33%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They issued a "hold" rating and a $100.00 target price on the stock. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday. Finally, Wedbush reaffirmed a "neutral" rating and set a $104.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus target price of $118.60.

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.