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

Shares of Alexandria Real Estate Equities (NYSE:ARE) opened at $125.50 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $12,010.00, a P/E ratio of 142.61, a P/E/G ratio of 2.81 and a beta of 0.84. Alexandria Real Estate Equities has a 12-month low of $106.89 and a 12-month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). The firm had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.39 EPS. research analysts forecast that Alexandria Real Estate Equities will post 6.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s dividend payout ratio is 409.09%.

In related news, CEO Joel S. Marcus sold 13,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were 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 directly owns 651,436 shares of the company’s stock, valued at $82,673,742.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 27,500 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $129.60, for a total transaction of $3,564,000.00. Following the sale, the chief executive officer now directly owns 623,936 shares of the company’s stock, valued at $80,862,105.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,250 shares of company stock valued at $7,986,230. Company insiders own 1.51% of the company’s stock.

Several large investors have recently modified their holdings of ARE. Muzinich & Co. Inc. lifted its position in shares of Alexandria Real Estate Equities by 30.4% in the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 220 shares in the last quarter. Spirit of America Management Corp NY purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $154,000. Fox Run Management L.L.C. purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $226,000. California Capital Advisors Inc. purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at approximately $232,000. Finally, Simplex Trading LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at approximately $244,000. Institutional investors and hedge funds own 95.74% of the company’s stock.

Several analysts recently commented on ARE shares. Canaccord Genuity reissued a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a research note on Monday, December 11th. Bank of America raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Monday, December 4th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Tuesday. Mizuho reissued a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus price target of $100.62.

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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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