Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Up 31.3% in April

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 4,870,000 shares, a growth of 31.3% from the March 31st total of 3,710,000 shares. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 2.8% of the shares of the company are sold short.

Alexandria Real Estate Equities Price Performance

NYSE ARE traded up $1.02 during trading on Friday, reaching $74.44. The company's stock had a trading volume of 1,389,066 shares, compared to its average volume of 1,206,179. The stock has a market capitalization of $12.88 billion, a PE ratio of 41.36, a P/E/G ratio of 3.93 and a beta of 1.27. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a fifty day moving average of $88.13 and a 200 day moving average of $98.31. Alexandria Real Estate Equities has a one year low of $70.57 and a one year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 EPS for the quarter, beating 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 business had revenue of $758.16 million for the quarter, compared to analysts' expectations of $755.64 million. During the same quarter in the prior year, the firm earned $2.35 earnings per share. The firm's revenue was down 1.4% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $1.32 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $5.28 dividend on an annualized basis and a dividend yield of 7.09%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 694.74%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently modified their holdings of ARE. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Alexandria Real Estate Equities by 25.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 34,754 shares of the real estate investment trust's stock worth $3,216,000 after purchasing an additional 7,013 shares during the period. Dynasty Wealth Management LLC bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth approximately $442,000. Verdence Capital Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 95.6% during the first quarter. Verdence Capital Advisors LLC now owns 8,916 shares of the real estate investment trust's stock valued at $825,000 after buying an additional 4,358 shares during the period. Larson Financial Group LLC raised its holdings in shares of Alexandria Real Estate Equities by 729.5% during the first quarter. Larson Financial Group LLC now owns 871 shares of the real estate investment trust's stock valued at $81,000 after acquiring an additional 766 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in Alexandria Real Estate Equities by 399.1% in the first quarter. Wealthfront Advisers LLC now owns 41,637 shares of the real estate investment trust's stock worth $3,852,000 after acquiring an additional 33,294 shares during the period. Institutional investors own 96.54% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, April 3rd. Jefferies Financial Group initiated coverage on shares of Alexandria Real Estate Equities in a research note on Monday, March 17th. They set a "hold" rating and a $100.00 price target for the company. Wedbush reiterated a "neutral" rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Finally, JMP Securities reissued a "market outperform" rating and issued a $130.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $118.60.

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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