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

Hilton Capital Management LLC cut its stake in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 5.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in shares of Alexandria Real Estate Equities during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in Alexandria Real Estate Equities in the 3rd quarter worth $30,000. UMB Bank n.a. boosted its position in Alexandria Real Estate Equities by 132.8% in the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 154 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. Finally, Venturi Wealth Management LLC increased its position in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $104.31 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $116.21 and its two-hundred day moving average price is $117.55. Alexandria Real Estate Equities, Inc. has a 52-week low of $102.70 and a 52-week high of $135.45. The stock has a market capitalization of $18.23 billion, a P/E ratio of 63.60, a P/E/G ratio of 3.95 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period last year, the business posted $2.26 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. 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 dividend payout ratio (DPR) is 317.07%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ARE shares. Deutsche Bank Aktiengesellschaft downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price target for the company from $135.00 to $112.00 in a report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research report on Thursday, October 24th. Evercore ISI cut their price target on shares of 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. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average 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.