Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Up 24.9% in February

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 3,360,000 shares, a growth of 24.9% from the January 31st total of 2,690,000 shares. Based on an average daily volume of 1,350,000 shares, the days-to-cover ratio is currently 2.5 days.

Alexandria Real Estate Equities Trading Up 2.7 %

Alexandria Real Estate Equities stock traded up $2.70 during midday trading on Friday, hitting $102.50. 1,016,865 shares of the stock were exchanged, compared to its average volume of 1,035,243. The company has a fifty day simple moving average of $98.11 and a two-hundred day simple moving average of $107.92. Alexandria Real Estate Equities has a 52 week low of $93.25 and a 52 week high of $130.14. The stock has a market capitalization of $17.74 billion, a PE ratio of 56.95, a P/E/G ratio of 3.93 and a beta of 1.17. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. Equities research analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

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Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.32 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $5.28 annualized dividend and a yield of 5.15%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is currently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a stock repurchase program 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 repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research note on Tuesday, December 17th. 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, January 29th. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $133.00 to $121.00 in a research note on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their target price for the company from $135.00 to $112.00 in a research note on Friday, November 15th. Finally, Wedbush reaffirmed a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $121.30.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Alexandria Real Estate Equities during the 4th quarter worth approximately $1,605,426,000. State Street Corp raised its holdings in Alexandria Real Estate Equities by 1.1% during the 3rd quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust's stock worth $1,270,634,000 after buying an additional 112,864 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,135,591 shares of the real estate investment trust's stock valued at $402,450,000 after purchasing an additional 96,771 shares during the last quarter. Finally, Capital World Investors acquired a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $326,959,000. 96.54% of the stock is currently 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.