Alexandria Real Estate Equities, Inc. (NYSE:ARE) Sees Large Increase in Short Interest

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 6,170,000 shares, an increase of 18.0% from the April 30th total of 5,230,000 shares. Based on an average daily volume of 1,670,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.6% of the shares of the stock are sold short.

Alexandria Real Estate Equities Stock Up 0.6%

Shares of NYSE:ARE traded up $0.39 during midday trading on Wednesday, hitting $70.69. 1,723,417 shares of the company's stock traded hands, compared to its average volume of 1,301,268. The firm's fifty day moving average price is $75.39 and its two-hundred day moving average price is $91.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities has a twelve month low of $67.37 and a twelve month high of $130.14. The company has a market cap of $12.23 billion, a PE ratio of 39.27, a P/E/G ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. The company had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The firm's quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $1.32 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 7.47%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. decreased their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 20th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Jefferies Financial Group assumed coverage on Alexandria Real Estate Equities in a report on Monday, March 17th. They issued a "hold" rating and a $100.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $116.00.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 109 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of Alexandria Real Estate Equities by 514.3% in the fourth quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 252 shares in the last quarter. Tsfg LLC acquired a new position in shares of Alexandria Real Estate Equities in the first quarter worth about $30,000. Avalon Trust Co purchased a new position in Alexandria Real Estate Equities in the first quarter valued at about $32,000. Finally, TruNorth Capital Management LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter valued at approximately $34,000. 96.54% of the stock is owned by institutional investors and hedge funds.

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.

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