Chilton Capital Management LLC Cuts Holdings in Alexandria Real Estate Equities, Inc. (ARE)

Chilton Capital Management LLC lessened its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 90.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,250 shares of the real estate investment trust’s stock after selling 72,262 shares during the period. Chilton Capital Management LLC’s holdings in Alexandria Real Estate Equities were worth $873,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in ARE. UBS Asset Management Americas Inc. grew its stake in Alexandria Real Estate Equities by 11.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 301,584 shares of the real estate investment trust’s stock worth $33,331,000 after buying an additional 31,780 shares in the last quarter. Karp Capital Management Corp purchased a new position in Alexandria Real Estate Equities in the 1st quarter worth approximately $1,889,000. Parametric Portfolio Associates LLC grew its stake in Alexandria Real Estate Equities by 8.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 94,264 shares of the real estate investment trust’s stock worth $10,418,000 after buying an additional 7,571 shares in the last quarter. Pacer Advisors Inc. grew its stake in Alexandria Real Estate Equities by 9.5% in the 1st quarter. Pacer Advisors Inc. now owns 1,883 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 164 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in Alexandria Real Estate Equities by 2.8% in the 1st quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock worth $402,000 after buying an additional 100 shares in the last quarter.

In related news, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total value of $1,877,980.00. Following the sale, the chief executive officer now owns 689,436 shares in the company, valued at $83,532,065.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction on Friday, August 4th. The stock was sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the transaction, the chief executive officer now directly owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Insiders sold 71,893 shares of company stock worth $8,645,989 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) traded up 0.79% during midday trading on Friday, hitting $118.41. 109,970 shares of the stock were exchanged. The firm has a 50-day moving average of $120.48 and a 200-day moving average of $117.23. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The company has a market capitalization of $11.09 billion, a P/E ratio of 267.29 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the previous year, the business posted $1.36 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 2.93%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

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A number of equities analysts have commented on ARE shares. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research note on Wednesday, August 9th. BidaskClub cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC upped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and a consensus target price of $128.25.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Institutional Ownership by Quarter for Alexandria Real Estate Equities (NYSE:ARE)




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