Hahn Capital Management LLC Purchases 50,900 Shares of Alexandria Real Estate Equities, Inc. $ARE

Key Points

• Hahn Capital Management LLC increased its holdings of Alexandria Real Estate Equities by 74.4%, acquiring an additional 50,900 shares during the second quarter, now totaling 119,313 shares.
• Recently, several institutional investors, including Invesco and Goldman Sachs, have also expanded their positions in Alexandria Real Estate Equities, reflecting strong interest in the stock.
• Analysts have mixed views on the stock, with BNP Paribas recently downgrading it to a "strong sell" with a price target of $82, while the average price target among analysts is approximately $96.60.

Hahn Capital Management LLC lifted its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 74.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,313 shares of the real estate investment trust's stock after buying an additional 50,900 shares during the quarter. Alexandria Real Estate Equities makes up 4.1% of Hahn Capital Management LLC's holdings, making the stock its 13th largest holding. Hahn Capital Management LLC owned about 0.07% of Alexandria Real Estate Equities worth $8,666,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its position in shares of Alexandria Real Estate Equities by 39.0% during the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust's stock worth $291,198,000 after buying an additional 882,963 shares in the last quarter. Northern Trust Corp grew its position in shares of Alexandria Real Estate Equities by 6.2% during the 1st quarter. Northern Trust Corp now owns 2,723,583 shares of the real estate investment trust's stock worth $251,959,000 after buying an additional 158,177 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Alexandria Real Estate Equities by 2.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,530,184 shares of the real estate investment trust's stock worth $234,067,000 after buying an additional 63,997 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Alexandria Real Estate Equities by 21.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,849,582 shares of the real estate investment trust's stock worth $171,105,000 after buying an additional 330,673 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Alexandria Real Estate Equities by 2.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,646,542 shares of the real estate investment trust's stock worth $152,322,000 after buying an additional 36,468 shares in the last quarter. Institutional investors own 96.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ARE. BNP Paribas downgraded Alexandria Real Estate Equities from a "hold" rating to a "strong sell" rating and set a $82.00 price target on the stock. in a research report on Wednesday. Royal Bank Of Canada dropped their price objective on Alexandria Real Estate Equities from $100.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 29th. Cantor Fitzgerald set a $88.00 price objective on Alexandria Real Estate Equities and gave the company a "neutral" rating in a research report on Wednesday. Baird R W dropped their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Finally, BMO Capital Markets assumed coverage on Alexandria Real Estate Equities in a research report on Tuesday, September 23rd. They set an "outperform" rating and a $100.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $96.60.

Alexandria Real Estate Equities Price Performance

Shares of NYSE ARE opened at $83.64 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market cap of $14.47 billion, a PE ratio of -643.35, a P/E/G ratio of 7.01 and a beta of 1.31. The business has a 50-day simple moving average of $80.95 and a two-hundred day simple moving average of $78.61. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $67.37 and a fifty-two week high of $123.10.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.04. The business had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The company's quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned $2.36 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Tuesday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently -4,061.54%.

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.

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