Hahn Capital Management LLC Sells 17,930 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Hahn Capital Management LLC trimmed its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 28.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,444 shares of the real estate investment trust's stock after selling 17,930 shares during the period. Alexandria Real Estate Equities accounts for 3.5% of Hahn Capital Management LLC's portfolio, making the stock its 17th biggest position. Hahn Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $5,396,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Arbor Capital Management Inc. ADV lifted its holdings in Alexandria Real Estate Equities by 1.1% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock worth $1,000,000 after purchasing an additional 93 shares in the last quarter. SPC Financial Inc. boosted its holdings in Alexandria Real Estate Equities by 5.4% during the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust's stock valued at $251,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its stake in Alexandria Real Estate Equities by 0.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock worth $1,584,000 after acquiring an additional 100 shares in the last quarter. Presima Securities ULC grew its holdings in Alexandria Real Estate Equities by 0.9% during the 3rd quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after acquiring an additional 100 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock worth $165,000 after acquiring an additional 103 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ARE shares. JMP Securities reiterated a "market outperform" rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a research note on Wednesday, September 25th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Evercore ISI decreased their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday. Finally, Bank of America lowered 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 note on Monday, July 29th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $131.22.

Alexandria Real Estate Equities Trading Down 2.9 %

Shares of ARE traded down $3.32 on Friday, hitting $113.03. 1,215,409 shares of the stock traded hands, compared to its average volume of 980,973. Alexandria Real Estate Equities, Inc. has a 1 year low of $90.73 and a 1 year high of $135.45. The stock's 50 day moving average is $119.21 and its two-hundred day moving average is $118.77. The firm has a market capitalization of $19.77 billion, a P/E ratio of 106.50, a P/E/G ratio of 3.99 and a beta of 1.16. 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 - Get Free Report) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $766.97 million. During the same quarter last year, the company posted $2.26 earnings per share. Alexandria Real Estate Equities's revenue for the quarter was up 10.9% compared to the same quarter last year. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 485.98%.

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.