Short Interest in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Rises By 260.9%

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 6,280,000 shares, an increase of 260.9% from the December 31st total of 1,740,000 shares. Based on an average trading volume of 788,000 shares, the short interest ratio is currently 8.0 days.

Institutional investors and hedge funds recently changed their holdings in the company. West Branch Capital LLC acquired a new position in shares of Alexandria Real Estate Equities valued at approximately $35,000 during the second quarter. Consolidated Planning Corp acquired a new position in shares of Alexandria Real Estate Equities valued at approximately $39,000 during the third quarter. Ellevest Inc. increased its position in shares of Alexandria Real Estate Equities by 292.5% in the third quarter. Ellevest Inc. now owns 208 shares of the $40,000 Real Estate Investment Trust after purchasing an additional 155 shares last quarter. MUFG Americas Holdings Corp acquired a new interest in shares of Alexandria Real Estate Equities valued at approximately $42,000 during the third quarter. Finally, during the fourth quarter, Cordasco Financial Network acquired a new interest in shares of Alexandria Real Estate Equities valued at approximately $48,000. Institutional investors and hedge funds own 88.94% of the company’s shares.

NYSE ARE fell $1.06 during Friday trading to hit $184.48. 8,089 shares of the company were traded compared to an average volume of 1,271,102. The stock has a fifty-day moving average of $209.49 and a two-hundred-day moving average of $204.19. The company has a debt to equity ratio of 0.55, a current ratio of 0.17 and a quick ratio of 0.17. Alexandria Real Estate Equities has a 12-month low of $154.37 and a 12-month high of $224.95. The company has a market cap of $28.59 billion, a P/E of 28.20, a PEG ratio of 3.21, and a beta of 0.78.

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Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Sunday, October 24th. The Real Estate Investment Trust reported earnings per share of $0.67 for the quarter, beating Zacks’ consensus estimate of $0.62 by $0.05. The company had revenue of $547.76 million for the quarter, compared to analyst estimates of $533.52 million. Alexandria Real Estate Equities had a net margin of 46.78% and a return on equity of 6.10%. Alexandria Real Estate Equities’ quarterly revenue rose 0.5% year over year. In the same period last year, the company reported earnings per share of $1.83. As a group, analysts expect Alexandria Real Estate Equities to report fiscal year-to-date earnings per share of 7.76.

The company also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record as of Friday, December 31 were paid a dividend of $1.15 per share. This is a positive change from Alexandria Real Estate Equities’ previous quarterly dividend of $1.12. That equates to a dividend of $4.60 on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Thursday December 30th. Alexandria Real Estate Equities’ payout ratio is currently 69.91%.

Several research analysts recently rated ARE stock. BTIG Research increased its price target on shares of Alexandria Real Estate Equities to $233.00 from $187.00 and gave the stock a “buy” rating in a report on Friday, October 22. Robert W. Baird reiterated a “buy” rating on shares of Alexandria Real Estate Equities in a report on Sunday, December 5th. Finally, Mizuho increased its target price on shares of Alexandria Real Estate Equities from $200.00 to $219.00 in a report on Thursday, January 20. One investment analyst has rated the stock with a hold and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $180.80.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a city office real estate investment trust. It engages in the ownership, operation, development and redevelopment of life science and technology properties. The company also leases space for the life sciences and technology industries, primarily located in AAA urban innovation cluster locations.

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