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

Hahn Capital Management LLC increased its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 50.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 68,370 shares of the real estate investment trust's stock after purchasing an additional 22,926 shares during the quarter. Alexandria Real Estate Equities accounts for about 2.9% of Hahn Capital Management LLC's holdings, making the stock its 19th largest holding. Hahn Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $6,669,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Alexandria Real Estate Equities by 350.0% during the 3rd quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust's stock valued at $40,536,000 after buying an additional 265,508 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Alexandria Real Estate Equities by 114.9% in the third quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust's stock valued at $51,706,000 after purchasing an additional 232,817 shares during the period. KBC Group NV increased its stake in shares of Alexandria Real Estate Equities by 315.9% during the third quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust's stock worth $20,110,000 after purchasing an additional 128,634 shares in the last quarter. Castle Hook Partners LP acquired a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth about $14,319,000. Finally, State Street Corp raised its position in shares of Alexandria Real Estate Equities by 1.1% during the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after purchasing an additional 112,864 shares during the last quarter. 96.54% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their price objective for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, November 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $121.30.

Alexandria Real Estate Equities Trading Down 0.9 %

Shares of NYSE:ARE traded down $0.87 during mid-day trading on Monday, reaching $101.39. 1,177,058 shares of the company were exchanged, compared to its average volume of 1,350,652. 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 firm's 50-day simple moving average is $97.89 and its 200 day simple moving average is $108.36. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.25 and a 1 year high of $130.14. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 56.33, a P/E/G ratio of 3.93 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current year.

Alexandria Real Estate Equities declared that its board has initiated a share buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.21%. Alexandria Real Estate Equities's dividend payout ratio is presently 293.33%.

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.