Hahn Capital Management LLC Cuts Stock Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hahn Capital Management LLC decreased its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 28.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 45,444 shares of the real estate investment trust’s stock after selling 17,930 shares during the period. Alexandria Real Estate Equities makes up about 3.5% of Hahn Capital Management LLC’s portfolio, making the stock its 17th largest position. Hahn Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Alexandria Real Estate Equities by 14.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after buying an additional 34,854 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Alexandria Real Estate Equities by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock valued at $41,482,000 after buying an additional 9,187 shares during the last quarter. Norden Group LLC purchased a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $963,000. Vanguard Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after buying an additional 156,643 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Alexandria Real Estate Equities by 301.6% during the first quarter. SG Americas Securities LLC now owns 71,743 shares of the real estate investment trust’s stock valued at $9,248,000 after buying an additional 53,877 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $116.38 on Friday. The firm has a market cap of $20.35 billion, a PE ratio of 108.77, a PEG ratio of 3.99 and a beta of 1.16. The stock’s fifty day moving average price is $119.18 and its two-hundred day moving average price is $118.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.26 earnings per share. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.47%. Alexandria Real Estate Equities’s payout ratio is 485.98%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARE. Bank of America cut 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. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a report on Friday, September 13th. JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Jefferies Financial Group lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $125.00 price target (down from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average target price of $131.22.

Alexandria Real Estate Equities Company 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.