Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Update

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the target of a large increase in short interest in September. As of September 30th, there was short interest totalling 3,390,000 shares, an increase of 20.6% from the September 15th total of 2,810,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is presently 3.3 days.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds have recently modified their holdings of ARE. Mather Group LLC. purchased a new position in Alexandria Real Estate Equities in the first quarter worth about $30,000. UMB Bank n.a. raised its stake in shares of Alexandria Real Estate Equities by 132.8% in the second quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 154 shares during the period. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities in the 2nd quarter worth about $33,000. Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth about $37,000. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $43,000. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore ISI increased their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 28th. JMP Securities restated a “market outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $130.00 to $125.00 in a report on Friday, September 13th. Finally, Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus target price of $133.22.

Alexandria Real Estate Equities Trading Up 1.0 %

Alexandria Real Estate Equities stock opened at $121.20 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The firm’s 50 day moving average price is $118.27 and its 200-day moving average price is $118.90. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45. The stock has a market cap of $21.20 billion, a P/E ratio of 113.27, a PEG ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing the consensus estimate of $2.34 by ($2.09). The company had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.24 EPS. On average, equities analysts predict that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

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.