Hahn Capital Management LLC Has $11.08 Million Stake in Alexandria Real Estate Equities Inc (NYSE:ARE)

Hahn Capital Management LLC cut its holdings in Alexandria Real Estate Equities Inc (NYSE:ARE) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,838 shares of the real estate investment trust’s stock after selling 1,242 shares during the period. Hahn Capital Management LLC owned 0.08% of Alexandria Real Estate Equities worth $11,079,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in Alexandria Real Estate Equities by 19.5% in the fourth quarter. LPL Financial LLC now owns 8,206 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 1,341 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in Alexandria Real Estate Equities by 16.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,504 shares of the real estate investment trust’s stock valued at $458,000 after acquiring an additional 488 shares during the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Alexandria Real Estate Equities by 2.7% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 62,040 shares of the real estate investment trust’s stock valued at $8,101,000 after acquiring an additional 1,660 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 484,954 shares of the real estate investment trust’s stock valued at $63,330,000 after acquiring an additional 70,675 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in Alexandria Real Estate Equities by 2.6% in the fourth quarter. California State Teachers Retirement System now owns 163,494 shares of the real estate investment trust’s stock valued at $21,351,000 after acquiring an additional 4,094 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.

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ARE has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $20.37 price objective on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Tuesday, January 16th. ValuEngine upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. TheStreet cut Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $135.00 price target on shares of Alexandria Real Estate Equities in a research note on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus price target of $102.20.

NYSE:ARE opened at $122.07 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.38 and a current ratio of 0.38. Alexandria Real Estate Equities Inc has a 52 week low of $111.59 and a 52 week high of $134.37. The firm has a market cap of $12,597.16, a price-to-earnings ratio of 20.28, a PEG ratio of 3.07 and a beta of 0.80.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($1.16). The firm had revenue of $298.79 million for the quarter, compared to analyst estimates of $293.63 million. Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the company earned $1.42 earnings per share. analysts anticipate that Alexandria Real Estate Equities Inc will post 6.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Wednesday, March 28th. Alexandria Real Estate Equities’s payout ratio is currently 59.80%.

In other news, CFO Dean A. Shigenaga sold 29,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $125.21, for a total value of $3,631,090.00. Following the sale, the chief financial officer now directly owns 147,864 shares in the company, valued at $18,514,051.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James P. Cain sold 618 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $123.57, for a total value of $76,366.26. Following the completion of the sale, the director now owns 3,490 shares in the company, valued at $431,259.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,618 shares of company stock worth $8,935,609. Insiders own 1.60% of the company’s stock.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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