Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Down 13.3% in July

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 3,470,000 shares, a decrease of 13.3% from the July 15th total of 4,000,000 shares. Based on an average daily trading volume, of 856,900 shares, the short-interest ratio is currently 4.0 days.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded up $0.94 during mid-day trading on Monday, hitting $115.63. The company’s stock had a trading volume of 627,733 shares, compared to its average volume of 921,673. The stock’s fifty day moving average price is $117.46 and its two-hundred day moving average price is $119.85. Alexandria Real Estate Equities has a twelve month low of $90.73 and a twelve month high of $135.45. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $20.22 billion, a P/E ratio of 107.48, a P/E/G ratio of 4.00 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The firm had revenue of $766.70 million during the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the business posted $2.24 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Alexandria Real Estate Equities will post 9.48 earnings per share for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $1.30 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 dividend on an annualized basis and a yield of 4.50%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 485.98%.

Insider Transactions at Alexandria Real Estate Equities

In other news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now directly owns 6,005,077 shares in the company, valued at approximately $25,281,374.17. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Fulton Bank N.A. boosted its stake in shares of Alexandria Real Estate Equities by 4.2% during the 1st quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 83 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Alexandria Real Estate Equities by 29.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 85 shares during the period. Arbor Capital Management Inc. ADV boosted its holdings in Alexandria Real Estate Equities by 1.1% in the second quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 93 shares in the last quarter. SPC Financial Inc. raised its holdings in Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock valued at $251,000 after buying an additional 100 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust’s stock worth $1,584,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ARE. Evercore ISI downgraded Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and lowered their price target for the company from $133.00 to $126.00 in a report on Thursday, July 25th. Royal Bank of Canada lowered their target price on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Wedbush cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. JMP Securities reissued a “market outperform” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Tuesday, July 23rd. Finally, Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and a consensus price target of $131.22.

About Alexandria Real Estate Equities

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.