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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 3,060,000 shares, a decline of 7.6% from the October 15th total of 3,310,000 shares. Based on an average daily volume of 1,140,000 shares, the short-interest ratio is currently 2.7 days.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ARE. Bank of America downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their price objective for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Royal Bank of Canada restated a “sector perform” rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Finally, Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating for the company in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and an average target price of $127.30.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors have recently bought and sold shares of ARE. Catalyst Capital Advisors LLC bought a new stake in Alexandria Real Estate Equities during the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Alexandria Real Estate Equities during the third quarter valued at about $30,000. UMB Bank n.a. grew its stake in 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 purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new position in Alexandria Real Estate Equities in the second quarter worth about $33,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Alexandria Real Estate Equities by 144.0% during the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $104.45 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $18.25 billion, a PE ratio of 63.69, a price-to-earnings-growth ratio of 3.95 and a beta of 1.16. The firm’s 50 day simple moving average is $116.54 and its 200-day simple moving average is $117.64. Alexandria Real Estate Equities has a one year low of $102.24 and a one year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to analysts’ expectations of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.26 earnings per share. As a group, equities analysts predict that Alexandria Real Estate Equities will post 9.47 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.98%. Alexandria Real Estate Equities’s payout ratio is presently 317.07%.

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.