Chilton Capital Management LLC Purchases 6,485 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Chilton Capital Management LLC raised its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 9.6% during the first quarter, Holdings Channel reports. The institutional investor owned 73,909 shares of the real estate investment trust’s stock after buying an additional 6,485 shares during the quarter. Chilton Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $6,921,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Alexandria Real Estate Equities in the 4th quarter worth $29,000. Jones Financial Companies Lllp boosted its position in shares of Alexandria Real Estate Equities by 192.9% in the 4th quarter. Jones Financial Companies Lllp now owns 1,119 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 737 shares during the last quarter. Assetmark Inc. boosted its position in shares of Alexandria Real Estate Equities by 11.2% in the 4th quarter. Assetmark Inc. now owns 41,915 shares of the real estate investment trust’s stock worth $4,089,000 after purchasing an additional 4,224 shares during the last quarter. M&T Bank Corp boosted its position in shares of Alexandria Real Estate Equities by 0.7% in the 4th quarter. M&T Bank Corp now owns 19,478 shares of the real estate investment trust’s stock worth $1,901,000 after purchasing an additional 127 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Alexandria Real Estate Equities by 1.4% in the 4th quarter. Arizona State Retirement System now owns 45,727 shares of the real estate investment trust’s stock worth $4,461,000 after purchasing an additional 634 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ARE shares. Baird R W reduced their price target on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Jefferies Financial Group reduced their price target on Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. Citigroup reduced their price target on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. Wedbush reduced their price target on Alexandria Real Estate Equities from $104.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 30th. Finally, Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $114.00 to $100.00 in a research report on Monday, May 12th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $99.54.

Alexandria Real Estate Equities Stock Performance

ARE opened at $76.96 on Friday. The business’s 50-day moving average price is $72.30 and its two-hundred day moving average price is $86.39. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $130.14. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 101.26, a P/E/G ratio of 6.48 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22.

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

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 6.86%. The ex-dividend date is Monday, June 30th. Alexandria Real Estate Equities’s dividend payout ratio is 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.