Alexandria Real Estate Equities, Inc. $ARE Shares Purchased by Chilton Capital Management LLC

Chilton Capital Management LLC grew its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 8.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 80,307 shares of the real estate investment trust’s stock after buying an additional 6,398 shares during the period. Chilton Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $5,924,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Tsfg LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC acquired a new position in Alexandria Real Estate Equities in the 2nd quarter valued at $25,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities during the 1st quarter worth $32,000. TruNorth Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the first quarter valued at about $34,000. Finally, Cromwell Holdings LLC acquired a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $36,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock opened at $77.48 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 $13.40 billion, a price-to-earnings ratio of -595.96, a PEG ratio of 6.50 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 1 year low of $67.37 and a 1 year high of $116.90. The firm has a 50 day moving average price of $81.08 and a 200 day moving average price of $76.95.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Tuesday, September 30th. Alexandria Real Estate Equities’s payout ratio is -4,061.54%.

Analyst Ratings Changes

ARE has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price target on Alexandria Real Estate Equities from $100.00 to $98.00 and set a “sector perform” rating for the company in a report on Tuesday, July 29th. BMO Capital Markets initiated coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price objective for the company. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 target price on the stock. in a research report on Wednesday, October 1st. Evercore ISI raised Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $91.00 to $104.00 in a research note on Monday, September 15th. Finally, Cantor Fitzgerald dropped their price objective on Alexandria Real Estate Equities from $88.00 to $79.00 and set a “neutral” rating for the company in a research note on Monday, October 13th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $95.87.

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.