Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Update
Alexandria Real Estate Equities, Inc. (NYSE: ARE) saw a significant increase in short interest in January. As of January 15, there was short interest of 6,210,000 shares, an increase of 241.2% compared to December 31 of 1,820,000 shares. With an average daily trading volume of 905,900 shares, the days-to-cover ratio is currently 6.9 days.
Several hedge funds and other institutional investors recently changed their holdings in the company. JPMorgan Chase & Co. increased its stake in Alexandria Real Estate Equities by 87.6% in the third quarter. JPMorgan Chase & Co. now owns 2,768,433 shares in the real estate investment trust valued at $ 442,756,000 after purchasing an additional 1,292,626 shares last quarter. PGGM Investments increased its stake in Alexandria Real Estate Equities by 77.9% in the fourth quarter. PGGM Investments now owns 2,306,079 shares in the real estate investment trust valued at $ 410,989,000 after purchasing an additional 1,010,135 shares in the most recent quarter. CI Investments Inc. increased its stake in Alexandria Real Estate Equities by 4.0% in the third quarter. CI Investments Inc. now owns 1,193,192 shares in the real estate investment trust valued at $ 190,911,000 after purchasing an additional 45,590 shares last quarter. UBS Asset Management Americas Inc. increased its stake in Alexandria Real Estate Equities by 7.4% in the third quarter. UBS Asset Management Americas Inc. now owns 868,797 shares in the real estate investment trust valued at $ 139,008,000 after purchasing an additional 59,802 shares last quarter. Finally, the California Public Employees Retirement System increased its stake in Alexandria Real Estate Equities by 2.2% in the third quarter. The California Public Employees Retirement System now owns 785,603 shares in the real estate investment trust valued at $ 125,696,000, after purchasing an additional 16,972 shares last quarter. Hedge funds and other institutional investors own 87.58% of the company’s shares.
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Several stock analysts recently released reports on the stock. Robert W. Baird upgraded Alexandria Real Estate Equities from a “neutral” rating to an “above average” rating and set a price target of $ 194.00 for the stock in a research report on Thursday, January 7th . Berenberg Bank took over reporting on stocks of Alexandria Real Estate Equities in a research report on Friday, October 2nd. They set a buy recommendation and a price target of $ 190.00 for the stock. Finally, on Friday October 16, UBS Group began reporting on stocks of Alexandria Real Estate Equities in a research report. They set a “neutral” rating and a price target of $ 166.00 for the stock. One stock research analyst has given the stock a hold rating and eight have given the company a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 163.00.
NYSE ARE shares opened at $ 167.34 on Friday. The company’s 50-day moving average price is $ 171.31 and the 200-day moving average price is $ 166.58. The company has a market capitalization of $ 23.18 billion, a PE ratio of 38.65, a P / E / G ratio of 4.39, and a beta of 0.80. Alexandria Real Estate Equities has a 52-week low of $ 109.22 and a 52-week high of $ 179.79. The company has a leverage ratio of 0.63, a fast rate of 0.31, and a current rate of 0.31.
Alexandria Real Estate Equities (NYSE: ARE) last released its results on Saturday October 31st. The Real Estate Investment Trust reported earnings per share of $ 0.63 for the quarter, missing the consensus estimate of $ 1.83 by $ 1.20. The company posted revenue of $ 545.00 million for the quarter, compared to the consensus estimate of $ 450.55 million. Alexandria Real Estate Equities achieved a return on equity of 4.79% and a net margin of 29.07%. The company’s quarterly revenue increased 39.4% year over year. For the same quarter last year, the company had earnings per share of $ 0.44. On average, analysts predict that Alexandria Real Estate Equities will achieve earnings per share of 7.29 in the current fiscal year.
The company recently announced a quarterly dividend, which was paid on Friday, January 15th. On Thursday December 31st, a dividend of $ 1.09 was paid to shareholders of record. This equates to an annualized dividend of $ 4.36 and a dividend yield of 2.61%. The ex-dividend day was Wednesday December 30th. This is an increase over Alexandria Real Estate Equities’ previous quarterly dividend of $ 1.06. Alexandria Real Estate Equities currently has a payout ratio of 62.64%.
Alexandria Real Estate Equities company profile
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® Urban Office Real Estate Investment Trust (“REIT”), is the first, longest-running, and pioneering owner, operator, and developer to focus solely on collaborative life sciences focused, technology and agtech locations in AAA innovation cluster locations with a total market capitalization of $ 29.2 billion as of September 30, 2020 and a North American asset base of 47.4 million square feet (“SF”).
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7 Infrastructure Assets That Can Help Rebuild America
Despite their disagreements (real or imaginary) about almost anything, Democrats and Republicans love infrastructure projects. These are easy wins for the leaders of Congress seeking re-election. And they usually encourage job creation, which contributes to economic growth.
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Check out the “7 Infrastructure Assets That Can Help Rebuild America”.