Hahn Capital Management LLC Buys 11,286 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hahn Capital Management LLC raised its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,374 shares of the real estate investment trust’s stock after purchasing an additional 11,286 shares during the quarter. Alexandria Real Estate Equities accounts for about 3.5% of Hahn Capital Management LLC’s holdings, making the stock its 14th biggest holding. Hahn Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $7,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Candriam S.C.A. grew its position in Alexandria Real Estate Equities by 9.6% in the second quarter. Candriam S.C.A. now owns 19,633 shares of the real estate investment trust’s stock worth $2,296,000 after acquiring an additional 1,719 shares in the last quarter. Crumly & Associates Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 5.1% in the 2nd quarter. Crumly & Associates Inc. now owns 4,757 shares of the real estate investment trust’s stock worth $556,000 after purchasing an additional 230 shares in the last quarter. National Bank of Canada FI increased its position in shares of Alexandria Real Estate Equities by 117.7% during 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 purchasing an additional 41,002 shares during the last quarter. Hohimer Wealth Management LLC increased its position in shares of Alexandria Real Estate Equities by 14.8% during the 2nd quarter. Hohimer Wealth Management LLC now owns 24,949 shares of the real estate investment trust’s stock valued at $2,918,000 after purchasing an additional 3,211 shares during the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Alexandria Real Estate Equities by 0.4% during the 2nd quarter. TD Asset Management Inc now owns 147,198 shares of the real estate investment trust’s stock valued at $17,218,000 after buying an additional 608 shares in 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 stock opened at $116.29 on Friday. The firm has a market capitalization of $20.34 billion, a price-to-earnings ratio of 108.68, a PEG ratio of 4.17 and a beta of 1.16. The stock has a fifty day moving average of $118.16 and a 200 day moving average of $119.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $90.73 and a 52 week high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The company had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the prior year, the business posted $2.24 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. The ex-dividend date is 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 dividend payout ratio (DPR) is 485.98%.

Wall Street Analysts Forecast Growth

ARE has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price target on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Wedbush lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $140.00 to $130.00 in a report on Wednesday, July 24th. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Evercore ISI raised their price objective on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Finally, JMP Securities restated a “market outperform” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $131.33.

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.