Alexandria Real Estate Equities, Inc. (NYSE:ARE) Sees Large Decrease in Short Interest

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 2,690,000 shares, a decrease of 30.1% from the January 15th total of 3,850,000 shares. Based on an average daily volume of 1,350,000 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research reports. Wedbush restated a "neutral" rating and issued a $104.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 29th. Robert W. Baird cut their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Royal Bank of Canada cut their target price on Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $121.30.

Alexandria Real Estate Equities Stock Up 0.4 %

NYSE ARE traded up $0.38 during trading on Tuesday, reaching $95.23. 719,469 shares of the company's stock were exchanged, compared to its average volume of 1,359,460. The stock has a market cap of $16.48 billion, a P/E ratio of 52.87, a price-to-earnings-growth ratio of 3.67 and a beta of 1.16. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21. The company has a 50 day moving average price of $98.47 and a two-hundred day moving average price of $109.31. Alexandria Real Estate Equities has a 1 year low of $93.25 and a 1 year high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) 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, equities research analysts anticipate that Alexandria Real Estate Equities will post 9.34 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its Board of Directors has initiated a share buyback program on Monday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 5.54%. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. Alexandria Real Estate Equities's payout ratio is 293.33%.

Institutional Trading of Alexandria Real Estate Equities

Institutional investors and hedge funds have recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 57.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 298 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 109 shares during the last quarter. Colonial Trust Co SC lifted its holdings in shares of Alexandria Real Estate Equities by 514.3% in the 4th quarter. Colonial Trust Co SC now owns 301 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 252 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 180 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.