Hahn Capital Management LLC Has $5.40 Million Holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hahn Capital Management LLC cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 28.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,444 shares of the real estate investment trust’s stock after selling 17,930 shares during the quarter. Alexandria Real Estate Equities makes up 3.5% of Hahn Capital Management LLC’s holdings, making the stock its 17th biggest holding. Hahn Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,396,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Alexandria Real Estate Equities by 14.1% in 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 purchasing an additional 34,854 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in Alexandria Real Estate Equities by 2.9% in 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 purchasing an additional 9,187 shares during the last quarter. Norden Group LLC bought a new position in Alexandria Real Estate Equities in the first quarter valued at about $963,000. Vanguard Group Inc. raised its position in Alexandria Real Estate Equities by 0.6% in 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 purchasing an additional 156,643 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Alexandria Real Estate Equities by 301.6% in 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 purchasing an additional 53,877 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Trading Down 2.9 %

NYSE ARE opened at $116.38 on Friday. The business has a 50 day simple moving average of $119.18 and a 200 day simple moving average of $118.79. Alexandria Real Estate Equities, Inc. has a one year low of $90.73 and a one year high of $135.45. The stock has a market capitalization of $20.35 billion, a P/E ratio of 108.77, a P/E/G ratio of 3.99 and a beta of 1.16. 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 (NYSE:ARE) last announced its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $791.60 million during the quarter, compared to analyst estimates of $766.97 million. During the same period last year, the business posted $2.26 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company 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 4.47%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 485.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wedbush lowered their price objective on Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday. Evercore ISI lowered their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research report on Wednesday. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday. Finally, Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus target price of $131.22.

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.