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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) saw a large increase in short interest in 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 daily volume of 939,900 shares, the short-interest ratio is presently 3.0 days.

Alexandria Real Estate Equities Stock Performance

ARE stock opened at $118.75 on Tuesday. The business’s 50-day moving average price is $118.32 and its two-hundred day moving average price is $119.66. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a market cap of $20.77 billion, a PE ratio of 110.98, a P/E/G ratio of 4.26 and a beta of 1.16. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($2.09). The business had revenue of $766.70 million for the quarter, compared to the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.24 earnings per share. As a group, research analysts forecast that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $5.20 annualized dividend and a yield of 4.38%. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alexandria Real Estate Equities by 14.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 281,833 shares of the real estate investment trust’s stock valued at $36,331,000 after purchasing an additional 34,854 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Alexandria Real Estate Equities by 2.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,624 shares of the real estate investment trust’s stock worth $41,482,000 after buying an additional 9,187 shares during the period. Bluefin Capital Management LLC acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth about $838,000. Norden Group LLC acquired a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $963,000. Finally, Vanguard Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after buying an additional 156,643 shares during the period. 96.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on ARE shares. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price target for the company from $140.00 to $130.00 in a research note on Wednesday, July 24th. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $151.00 to $126.00 in a research note on Monday, July 29th. Finally, Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $130.70.

About Alexandria Real Estate Equities

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.