Alexandria Real Estate Equities Inc (NYSE:ARE) Short Interest Down 74.4% in December

Alexandria Real Estate Equities Inc (NYSE:ARE) was the target of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 1,588,588 shares, a decline of 74.4% from the December 15th total of 6,208,517 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 677,441 shares, the short-interest ratio is presently 2.3 days.

In related news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $127.81, for a total transaction of $639,050.00. Following the completion of the sale, the executive vice president now owns 136,916 shares of the company’s stock, valued at approximately $17,499,233.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joel S. Marcus sold 13,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the completion of the sale, the chief executive officer now owns 651,436 shares of the company’s stock, valued at approximately $82,673,742.76. The disclosure for this sale can be found here. Insiders have sold a total of 116,250 shares of company stock valued at $14,752,120 in the last ninety days. 1.51% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in Alexandria Real Estate Equities by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after purchasing an additional 970,646 shares in the last quarter. BlackRock Inc. increased its position in Alexandria Real Estate Equities by 9.3% during the 4th quarter. BlackRock Inc. now owns 10,163,374 shares of the real estate investment trust’s stock worth $1,327,236,000 after purchasing an additional 867,397 shares in the last quarter. State Street Corp increased its position in Alexandria Real Estate Equities by 0.6% during the 2nd quarter. State Street Corp now owns 4,999,505 shares of the real estate investment trust’s stock worth $602,286,000 after purchasing an additional 30,229 shares in the last quarter. APG Asset Management US Inc. increased its position in Alexandria Real Estate Equities by 2.8% during the 4th quarter. APG Asset Management US Inc. now owns 4,439,905 shares of the real estate investment trust’s stock worth $579,807,000 after purchasing an additional 119,500 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Alexandria Real Estate Equities by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock worth $413,502,000 after purchasing an additional 440,716 shares in the last quarter. Institutional investors own 96.28% of the company’s stock.

ARE has been the subject of several analyst reports. Royal Bank of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. National Bank Financial cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Mizuho reiterated a “buy” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Bank of America lifted their price objective on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average target price of $105.67.

Shares of Alexandria Real Estate Equities (NYSE ARE) traded up $1.04 during trading hours on Monday, hitting $119.08. 920,575 shares of the stock traded hands, compared to its average volume of 874,697. The firm has a market cap of $11,950.24, a PE ratio of 75.85, a PEG ratio of 2.67 and a beta of 0.79. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Alexandria Real Estate Equities has a one year low of $106.89 and a one year high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the consensus estimate of $1.54 by ($1.16). The firm had revenue of $298.79 million during the quarter, compared to analyst estimates of $293.63 million. Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. Alexandria Real Estate Equities’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 earnings per share. sell-side analysts forecast that Alexandria Real Estate Equities will post 6.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a $0.90 dividend. The ex-dividend date was Thursday, December 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 annualized dividend and a dividend yield of 3.02%. Alexandria Real Estate Equities’s payout ratio is presently 229.30%.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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