It has been reported that Hahn Capital Management LLC has raised its position in real estate investment company, Alexandria Real Estate Equities, Inc. (NYSE:ARE), by an impressive 37.7%, according to their most recent filing with the Securities & Exchange Commission. The institutional investor now has ownership of 95,690 shares of the company’s stock after acquiring an additional 26,219 shares during Q1 of this year. This increase sees Alexandria Real Estate Equities now occupying approximately 3.9% of Hahn Capital Management LLC’s holdings and is now their 14th largest holding.
At the close of the recent reporting period in June, Hahn Capital Management LLC had ownership worth $12,018,000 worth of Alexandria Real Estate Equity’s stock (which equates to 0.06%). The positive publicity doesn’t stop there for Alexandria Real Estate Equities, as they have also recently disclosed a quarterly dividend to be paid on Friday July 14th. Investors who had their names recorded on Friday June 30th will receive a dividend payout of $1.24 per share. This announcement is seen as particularly exciting due to it representing an increase from before where the previous quarterly dividend offered was $1.21 and the current one yields investors at a rate of 4.55%. However, it should be noted that the ex-dividend date for this transaction was Thursday June 29th.
There has been extensive analysis regarding whether investing in Alexandria Real Estate Equities is worthwhile as various research firms have examined it closely especially over Q2 and there appear to be varying opinions on whether this venture would be profitable or not.
Mizuho decreased its pricing target from $180 to $145 in a report published recently; Evercore ISI decreased theirs from $155 to $144 however they both maintained an “outperform” rating on Alexandria Real Estate Equities’ stock.
Conversely though Stock News.com lowered Alexandria Real Estate Equities’ stock from a “hold” rating to a “sell” rating.
At present the consensus view tends towards that of a “Moderate Buy”, according to data from Bloomberg and with the current consensus price target at $167.43, it could be an opportune moment for those considering investing in Alexandria Real Estate Equities to do so but should base their decision on their own research and not solely rely on analysts’ views.
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Hedge Funds Show Interest in Alexandria Real Estate Equities with Significant Holdings Changes
Alexandria Real Estate Equities (ARE) is a real estate investment trust that has been receiving considerable attention lately. According to recent reports, several hedge funds have modified their holdings of the company. Heitman Real Estate Securities LLC, Norges Bank, Victory Capital Management Inc., and Centersquare Investment Management LLC are among the companies that own shares in ARE.
Norges Bank’s acquisition of a new position in the company amounted to approximately $2,277,135,000 in the fourth quarter. In contrast, Centersquare Investment Management LLC raised its holdings by 188.7% in the first quarter and now owns 1,341,308 ARE shares worth $269,938,000 after an additional purchase of 876,725 shares in the previous quarter.
Deutsche Bank AG also increased its holdings by 318% in the fourth quarter and now has ownership of 1,057,562 ARE shares worth $154,055,000 following another purchase of 804,563 shares. As for Heitman Real Estate Securities LLC who raised its holdings by 3,924.1%, it currently owns 538,222 ARE shares worth $78,4030 million following an acquisition of an additional 524847 shares last quarter.
Finally,Victory Capital Management Inc. raised its stakes by 14.4% percent in Q4 to own up to 3 million Alexandria Real Estate Equities’ stock presently evaluated at $516 million.
According to reports filed with Securities & Exchange Commission (SEC), Chairman Joel S. Marcus sold about 7,500 Alexandria Real Estate Equities’s stock at an average price of $122 on May8th which totals around $916 thousand bringing him down to a total ownership value of 351354 Alexadrial aka ARE’s stocks valued around slightly below UD$43million.
The firm recently disclosed a quarterly dividend increase from its annualized rate from $1.21 to $1.24, with an increase of 0.03 cents per share. Buyers who own stakes in the company as of June 30th will be paid dividends on July 14th. Alexandria Real Estate’s annualized rate is at $4.96/share, which represents a generous yield of 4.55%. However, Alexadrial increase its dividend payout ratio (DPR) considerably to more than one hundred percent- that is about 106.84%.
On Monday, June 26th, Alexandria Real Estate Equities Inc.’s shares opened at $109.08.
Alexandria reported its quarterly earnings results on April 25th and had an earnings per share (EPS) evaluation of $0.44 for the quarter which was below consensus estimates by $2.15 or thereabouts every part it owed per stock market unit(share), a downturn in revenues at the time contributed to this occurrence since they posted revenues raised up to $700million and expectation were set at close to nearly $686 million revenue returns analysis predicts it will report earnings-per-share (EPS) revenue prediction expected by experts is hovering around $8.95 are their estimates for this year.
In conclusion, Alexandria Real Estate Equities has seen a considerable amount of activity lately from numerous hedge funds and big investors such as Deutsche Bank AG LLC and Norges Bank among others, and along with increased dividends but considerate negative financial performance in its earning report announcement last month, Alexandria real estate equities should prove exciting shares to watch more closely in the coming days.Alexandria may look like an efficient firm with impressive quick ratio but thats inconsequential if another sort of blunder occurs much like its EPS loss last quarter even though these occurences are subjectional or circumstantial influenced by external forces beyond the firm’s scope such as insustrial crises etcetera that might erupt inevitably within its industry.