Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,909 shares of the real estate investment trust's stock after buying an additional 6,485 shares during the period. Chilton Capital Management LLC's holdings in Alexandria Real Estate Equities were worth $6,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $1,605,426,000. JPMorgan Chase & Co. lifted its position in Alexandria Real Estate Equities by 212.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after acquiring an additional 5,624,163 shares in the last quarter. Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after acquiring an additional 96,771 shares in the last quarter. Capital World Investors bought a new position in Alexandria Real Estate Equities in the 4th quarter valued at approximately $326,959,000. Finally, Northern Trust Corp lifted its position in Alexandria Real Estate Equities by 67.9% in the 4th quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after acquiring an additional 1,037,413 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Evercore ISI decreased their target price on Alexandria Real Estate Equities from $103.00 to $91.00 in a report on Wednesday, April 30th. Citigroup decreased their target price on Alexandria Real Estate Equities from $110.00 to $74.00 in a report on Monday, June 2nd. BNP Paribas Exane cut their price target on Alexandria Real Estate Equities from $111.00 to $85.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. Finally, Royal Bank Of Canada cut their price target on Alexandria Real Estate Equities from $114.00 to $100.00 in a research note on Monday, May 12th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and an average target price of $99.54.

Alexandria Real Estate Equities Stock Up 0.1%

Shares of NYSE:ARE traded up $0.08 during trading hours on Wednesday, reaching $77.10. The stock had a trading volume of 1,304,066 shares, compared to its average volume of 1,387,031. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The firm's 50 day moving average is $72.35 and its 200-day moving average is $86.08. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 101.45, a P/E/G ratio of 6.33 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.28 by $0.02. The business had revenue of $758.16 million for the quarter, compared to analyst estimates of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The company's revenue was down 1.4% on a year-over-year basis. During the same period last year, the business earned $2.35 EPS. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Monday, June 30th. Alexandria Real Estate Equities's payout ratio is currently 694.74%.

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.