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

Hilton Capital Management LLC decreased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,800 shares of the real estate investment trust’s stock after selling 545 shares during the period. Hilton Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $1,045,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ARE. O Shaughnessy Asset Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 75.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,683 shares of the real estate investment trust’s stock worth $604,000 after acquiring an additional 2,009 shares during the period. American International Group Inc. grew its holdings in Alexandria Real Estate Equities by 0.4% in the first quarter. American International Group Inc. now owns 41,313 shares of the real estate investment trust’s stock valued at $5,326,000 after purchasing an additional 176 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Alexandria Real Estate Equities by 18.8% in the first quarter. Toronto Dominion Bank now owns 89,774 shares of the real estate investment trust’s stock valued at $11,573,000 after buying an additional 14,180 shares in the last quarter. Truvestments Capital LLC boosted its position in shares of Alexandria Real Estate Equities by 22.7% in the 1st quarter. Truvestments Capital LLC now owns 20,729 shares of the real estate investment trust’s stock worth $2,672,000 after buying an additional 3,830 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Alexandria Real Estate Equities by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 315,837 shares of the real estate investment trust’s stock valued at $40,715,000 after purchasing an additional 1,198 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $104.31 on Thursday. The business’s fifty day moving average price is $116.21 and its 200 day moving average price is $117.55. Alexandria Real Estate Equities, Inc. has a twelve month low of $102.70 and a twelve month high of $135.45. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $18.23 billion, a P/E ratio of 63.60, a PEG ratio of 3.95 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). The firm had revenue of $791.60 million for the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.26 EPS. As a group, research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $135.00 to $112.00 in a research report on Friday, November 15th. JMP Securities cut their price objective on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research report on Friday, November 15th. 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 lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Finally, 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, October 23rd. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $127.30.

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.