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

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

Analysts Set New Price Targets

Several research analysts recently commented on the company. Bank of America cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $151.00 to $126.00 in a research report on Monday, July 29th. JMP Securities reissued a “market outperform” rating and set 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 reduced their price target for the company from $136.00 to $127.00 in a research report on Friday, August 2nd. Citigroup cut Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $130.70.

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $118.75 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock’s 50 day moving average price is $118.32 and its two-hundred day moving average price is $119.66. The firm has a market capitalization of $20.77 billion, a price-to-earnings ratio of 110.98, 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 released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share (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 the consensus estimate of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. Alexandria Real Estate Equities’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.24 EPS. On average, analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $1.30 per share. The ex-dividend date is Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.38%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of large investors have recently made changes to their positions in the company. Mattson Financial Services LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $1,145,000. Sanctuary Advisors LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $1,647,000. Brown Financial Advisors bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth approximately $696,000. Truist Financial Corp increased its stake in Alexandria Real Estate Equities by 7.5% during the 2nd quarter. Truist Financial Corp now owns 41,871 shares of the real estate investment trust’s stock worth $4,898,000 after acquiring an additional 2,904 shares during the period. Finally, Pathway Financial Advisers LLC increased its stake in Alexandria Real Estate Equities by 3.1% during the 2nd quarter. Pathway Financial Advisers LLC now owns 12,326 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 375 shares during the period. Institutional investors own 96.54% of the company’s stock.

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.