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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,720,000 shares, a drop of 31.3% from the September 30th total of 6,870,000 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 3.1 days. Based on an average daily trading volume, of 1,510,000 shares, the short-interest ratio is currently 3.1 days. Currently, 2.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently made changes to their positions in ARE. Norges Bank acquired a new position in Alexandria Real Estate Equities in the 2nd quarter worth $1,195,306,000. AQR Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 511.9% in the 1st quarter. AQR Capital Management LLC now owns 1,517,842 shares of the real estate investment trust’s stock worth $140,416,000 after purchasing an additional 1,269,795 shares during the period. Invesco Ltd. boosted its stake in Alexandria Real Estate Equities by 39.0% in the 1st quarter. Invesco Ltd. now owns 3,147,743 shares of the real estate investment trust’s stock worth $291,198,000 after purchasing an additional 882,963 shares during the period. DAVENPORT & Co LLC boosted its stake in Alexandria Real Estate Equities by 1,796.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 835,789 shares of the real estate investment trust’s stock worth $60,814,000 after purchasing an additional 791,712 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its stake in Alexandria Real Estate Equities by 89.2% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 1,175,406 shares of the real estate investment trust’s stock worth $85,370,000 after purchasing an additional 554,236 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Trading Down 2.8%

Shares of ARE stock traded down $1.58 on Tuesday, hitting $54.11. The stock had a trading volume of 1,871,800 shares, compared to its average volume of 1,704,762. Alexandria Real Estate Equities has a twelve month low of $53.94 and a twelve month high of $116.52. The firm has a market cap of $9.35 billion, a P/E ratio of -21.90, a PEG ratio of 5.06 and a beta of 1.31. The company has a current ratio of 0.24, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $79.05 and a two-hundred day moving average price of $76.22.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm had revenue of $751.94 million during the quarter, compared to analyst estimates of $752.90 million. During the same period last year, the firm earned $2.37 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 5.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.32 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $5.28 annualized dividend and a dividend yield of 9.8%. Alexandria Real Estate Equities’s payout ratio is -213.77%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ARE. Royal Bank Of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating for the company in a report on Monday. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price target for the company. in a report on Wednesday, October 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, October 8th. BNP Paribas Exane lowered their price target on shares of Alexandria Real Estate Equities from $82.00 to $72.00 and set an “underperform” rating for the company in a report on Tuesday, October 28th. Finally, BMO Capital Markets began coverage on shares of Alexandria Real Estate Equities in a report on Tuesday, September 23rd. They issued an “outperform” rating and a $100.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $86.93.

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.