Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Update

Alexandria Real Estate Equities, Inc. (NYSE:AREGet Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 9,093,779 shares, a growth of 31.1% from the December 15th total of 6,935,780 shares. Based on an average daily trading volume, of 2,617,094 shares, the short-interest ratio is currently 3.5 days. Currently, 5.3% of the shares of the stock are short sold. Currently, 5.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,617,094 shares, the short-interest ratio is currently 3.5 days.

Key Headlines Impacting Alexandria Real Estate Equities

Here are the key news stories impacting Alexandria Real Estate Equities this week:

Insider Buying and Selling at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath purchased 3,100 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price of $45.60 per share, with a total value of $141,360.00. Following the acquisition, the director owned 8,392 shares in the company, valued at approximately $382,675.20. The trade was a 58.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently owned by company insiders.

Institutional Trading of Alexandria Real Estate Equities

Several hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $25,000. Loomis Sayles & Co. L P purchased a new position in shares of Alexandria Real Estate Equities in the second quarter worth $27,000. American National Bank & Trust acquired a new position in shares of Alexandria Real Estate Equities in the second quarter valued at about $29,000. Avalon Trust Co acquired a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $29,000. Finally, Cornerstone Planning Group LLC boosted its position in Alexandria Real Estate Equities by 5,916.7% in the third quarter. Cornerstone Planning Group LLC now owns 361 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 355 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ARE shares. Citigroup dropped their target price on Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, December 4th. BNP Paribas lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating and set a $82.00 price objective for the company. in a research note on Wednesday, October 1st. BMO Capital Markets set a $60.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, December 4th. Mizuho lowered their target price on shares of Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, January 9th. Finally, BNP Paribas Exane cut their price target on shares of Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating on the stock in a report on Thursday, December 4th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.13.

View Our Latest Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Trading Up 1.2%

Shares of NYSE ARE opened at $57.95 on Tuesday. Alexandria Real Estate Equities has a twelve month low of $44.10 and a twelve month high of $105.14. The firm has a market cap of $10.01 billion, a PE ratio of -23.46, a price-to-earnings-growth ratio of 6.99 and a beta of 1.31. The business has a fifty day simple moving average of $50.64 and a two-hundred day simple moving average of $67.81. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.65.

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

Alexandria Real Estate Equities Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 dividend on an annualized basis and a yield of 5.0%. Alexandria Real Estate Equities’s payout ratio is -116.60%.

Alexandria Real Estate Equities declared that its board has approved a stock buyback program on Monday, December 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

About Alexandria Real Estate Equities

(Get Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.

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