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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 6,468,240 shares, a drop of 15.8% from the February 26th total of 7,684,351 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily trading volume, of 2,041,264 shares, the short-interest ratio is currently 3.2 days.

Alexandria Real Estate Equities Price Performance

Shares of Alexandria Real Estate Equities stock opened at $46.02 on Monday. The firm has a market cap of $7.97 billion, a PE ratio of -5.45, a P/E/G ratio of 5.57 and a beta of 1.31. Alexandria Real Estate Equities has a twelve month low of $44.10 and a twelve month high of $96.56. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $52.91 and a 200 day moving average price of $58.80.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, beating the consensus estimate of $2.15 by $0.01. The company had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.Alexandria Real Estate Equities’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $2.39 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Sell-side analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.88 dividend on an annualized basis and a yield of 6.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -34.12%.

Alexandria Real Estate Equities announced that its board has initiated a share repurchase plan on Monday, December 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently commented on the company. BNP Paribas Exane dropped their target price on 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. Deutsche Bank Aktiengesellschaft boosted their price target on Alexandria Real Estate Equities from $53.00 to $55.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Cantor Fitzgerald raised their price objective on shares of Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their target price on shares of Alexandria Real Estate Equities from $47.00 to $57.00 and gave the company a “hold” rating in a report on Friday, January 30th. Finally, Citigroup decreased their target price on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.47.

Insider Buying and Selling at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus acquired 25,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was acquired at an average price of $53.92 per share, with a total value of $1,348,000.00. Following the acquisition, the chairman directly owned 562,724 shares in the company, valued at $30,342,078.08. This represents a 4.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after purchasing an additional 11,762 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 4,261.1% during the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 3,068 shares in the last quarter. Empowered Funds LLC raised its position in shares of Alexandria Real Estate Equities by 4.8% during the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock worth $597,000 after purchasing an additional 296 shares during the last quarter. Woodline Partners LP lifted its stake in Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock valued at $1,204,000 after buying an additional 3,714 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Alexandria Real Estate Equities by 171.5% in the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 4,163 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Company Profile

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.