Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Up 13.8% in September

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 2,810,000 shares, an increase of 13.8% from the August 31st total of 2,470,000 shares. Based on an average trading volume of 939,900 shares, the days-to-cover ratio is currently 3.0 days.

Analysts Set New Price Targets

ARE has been the topic of a number of research reports. Evercore ISI raised their price target on Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and dropped their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $130.70.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Alexandria Real Estate Equities by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock valued at $3,452,814,000 after purchasing an additional 156,643 shares in the last quarter. APG Asset Management US Inc. increased its stake in Alexandria Real Estate Equities by 0.5% in the 4th quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock valued at $914,860,000 after purchasing an additional 39,243 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Alexandria Real Estate Equities by 0.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,073,312 shares of the real estate investment trust’s stock valued at $476,455,000 after purchasing an additional 35,216 shares in the last quarter. M&G Plc increased its stake in Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after purchasing an additional 77,686 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock valued at $122,934,000 after purchasing an additional 10,576 shares in the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Down 0.5 %

ARE opened at $121.02 on Friday. 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 business has a 50 day simple moving average of $118.46 and a 200-day simple moving average of $119.73. The stock has a market capitalization of $21.16 billion, a P/E ratio of 113.10, a P/E/G ratio of 4.26 and a beta of 1.16. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted 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 business had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.24 earnings per share. On average, equities analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.30 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.30%. Alexandria Real Estate Equities’s dividend payout ratio is currently 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.