By otakuyassine3@gmail.com 
Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,090,000 shares, a growth of 14.4% from the December 31st total of 2,700,000 shares. Based on an average daily volume of 1,320,000 shares, the short-interest ratio is currently 2.3 days.
Alexandria Real Estate Equities Trading Up 1.9 %
Shares of ARE traded up $1.85 during mid-day trading on Friday, reaching $97.70. 4,073,184 shares of the company were exchanged, compared to its average volume of 1,270,734. Alexandria Real Estate Equities has a 52 week low of $94.35 and a 52 week high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.20 and a current ratio of 0.21. The stock has a market capitalization of $17.07 billion, a PE ratio of 54.28, a PEG ratio of 3.64 and a beta of 1.16. The business has a 50 day simple moving average of $101.34 and a two-hundred day simple moving average of $111.44.
Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. On average, analysts predict that Alexandria Real Estate Equities will post 9.34 earnings per share for the current fiscal year.
Alexandria Real Estate Equities Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 annualized dividend and a dividend yield of 5.40%. Alexandria Real Estate Equities’s payout ratio is currently 293.33%.
Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
ARE has been the topic of a number of recent analyst reports. Evercore ISI decreased their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $135.00 to $112.00 in a research note on Friday, November 15th. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $104.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday. Finally, Robert W. Baird cut their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $121.30.
Check Out Our Latest Stock Analysis on ARE
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Catalyst Capital Advisors LLC purchased a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new position in Alexandria Real Estate Equities in the third quarter worth $30,000. Venturi Wealth Management LLC boosted its position in Alexandria Real Estate Equities by 144.0% in the third quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 180 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Alexandria Real Estate Equities in the third quarter worth $43,000. Finally, Loomis Sayles & Co. L P boosted its position in Alexandria Real Estate Equities by 3,129.4% in the third quarter. Loomis Sayles & Co. L P now owns 549 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 532 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.
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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