26,705 Alexandria Real Estate Equities, Inc. $ARE Shares Acquired by Hahn Capital Management LLC

Key Points

• Hahn Capital Management increased its Alexandria Real Estate Equities stake by 45.9% in the third quarter, adding 26,705 shares to reach 84,823 shares valued at about $4.03 million.
• Analyst sentiment was mostly cautious: the stock had an average “Reduce” rating and a $49.79 average price target, with two Buy, ten Hold, and four Sell ratings.
• Alexandria reported quarterly revenue of $671.2 million, above estimates, but missed the consensus EPS forecast; revenue fell 10.7% year over year. Its quarterly dividend of $0.72 per share equates to a 6.3% annualized yield at the article’s cited share price.

Hahn Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 45.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,823 shares of the real estate investment trust's stock after acquiring an additional 26,705 shares during the period. Alexandria Real Estate Equities makes up approximately 2.4% of Hahn Capital Management LLC's holdings, making the stock its 22nd largest holding. Hahn Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $4,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp lifted its holdings in shares of Alexandria Real Estate Equities by 4.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 6,149 shares of the real estate investment trust's stock worth $285,000 after acquiring an additional 252 shares during the period. Arizona State Retirement System raised its position in Alexandria Real Estate Equities by 0.7% in the second quarter. Arizona State Retirement System now owns 42,994 shares of the real estate investment trust's stock worth $2,272,000 after purchasing an additional 286 shares in the last quarter. Tema ETFs LLC lifted its stake in Alexandria Real Estate Equities by 10.5% during the second quarter. Tema ETFs LLC now owns 3,060 shares of the real estate investment trust's stock worth $162,000 after purchasing an additional 290 shares during the period. Mather Group LLC. lifted its stake in Alexandria Real Estate Equities by 30.1% during the third quarter. Mather Group LLC. now owns 1,408 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 326 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in Alexandria Real Estate Equities by 4.3% during the third quarter. TD Waterhouse Canada Inc. now owns 8,040 shares of the real estate investment trust's stock worth $382,000 after purchasing an additional 330 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARE. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from a "neutral" rating to an "underweight" rating and set a $56.00 price objective on the stock. in a research note on Thursday, September 24th. Weiss Ratings reissued a "sell (d)" rating on shares of Alexandria Real Estate Equities in a report on Thursday, October 15th. BNP Paribas Exane cut their target price on Alexandria Real Estate Equities from $40.00 to $37.00 and set an "underperform" rating for the company in a research report on Wednesday, October 28th. Royal Bank Of Canada lowered their price target on Alexandria Real Estate Equities from $51.00 to $47.00 and set a "sector perform" rating on the stock in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price objective on Alexandria Real Estate Equities from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Friday, September 18th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $49.79.

Insider Buying and Selling

In related news, EVP Kristina Fukuzaki-Carlson sold 16,810 shares of the firm's stock in a transaction on Friday, September 11th. The stock was sold at an average price of $50.51, for a total transaction of $849,073.10. Following the completion of the sale, the executive vice president directly owned 39,152 shares of the company's stock, valued at $1,977,567.52. This trade represents a 30.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Andres Gavinet sold 10,000 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $50.93, for a total value of $509,300.00. Following the sale, the chief accounting officer directly owned 102,516 shares of the company's stock, valued at $5,221,139.88. This represents a 8.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.35% of the stock is owned by corporate insiders.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $45.90 on Thursday. The firm has a market cap of $7.99 billion, a PE ratio of -5.45 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a 12 month low of $38.34 and a 12 month high of $59.76. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.65. The company's 50-day moving average price is $47.51 and its two-hundred day moving average price is $49.51.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The real estate investment trust reported ($3.74) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($3.71). Alexandria Real Estate Equities had a negative return on equity of 7.52% and a negative net margin of 51.81%. The firm had revenue of $671.18 million for the quarter, compared to analyst estimates of $646.26 million. During the same period in the previous year, the business posted $2.22 EPS. The business's quarterly revenue was down 10.7% on a year-over-year basis. On average, equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.39 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.72 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.88 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities's dividend payout ratio is -34.20%.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE is a real estate investment trust that owns, operates and develops collaborative life science, agtech and advanced technology campuses. Its properties are designed for companies, research institutions and government agencies engaged in biotechnology, pharmaceuticals, medical devices, agriculture technology and related fields.

The company provides laboratory, office and research space, along with supporting amenities and infrastructure intended to foster collaboration among its tenants.

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