Alexandria Real Estate Equities Inc (NYSE:ARE) Short Interest Down 11.2% in September

Alexandria Real Estate Equities Inc (NYSE:ARE) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 8,200,000 shares, a decline of 11.2% from the August 30th total of 9,230,000 shares. Based on an average daily volume of 621,600 shares, the days-to-cover ratio is currently 13.2 days. Currently, 7.3% of the shares of the company are sold short.

Shares of NYSE ARE traded down $0.10 during midday trading on Monday, reaching $153.87. 409,728 shares of the company traded hands, compared to its average volume of 588,912. Alexandria Real Estate Equities has a 52 week low of $109.04 and a 52 week high of $155.99. The stock has a 50-day moving average price of $152.06 and a 200 day moving average price of $146.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 23.31, a PEG ratio of 4.63 and a beta of 0.73.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. During the same quarter in the prior year, the firm earned $1.64 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 15.0% compared to the same quarter last year. As a group, analysts expect that Alexandria Real Estate Equities will post 6.97 EPS for the current year.

The business also recently disclosed a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $1.00 per share. This represents a dividend yield of 2.6%. The ex-dividend date is Friday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 60.61%.

Several equities analysts have recently issued reports on ARE shares. ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. GMP Securities reissued an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a report on Thursday, August 1st. Barclays set a $153.00 price target on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a report on Friday. DA Davidson boosted their price target on shares of Alexandria Real Estate Equities to $166.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Citigroup boosted their price target on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Alexandria Real Estate Equities currently has an average rating of “Hold” and an average price target of $116.91.

In other news, insider Joel S. Marcus sold 20,000 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $145.10, for a total transaction of $2,902,000.00. Following the completion of the transaction, the insider now owns 495,712 shares of the company’s stock, valued at $71,927,811.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.49, for a total transaction of $1,158,675.00. Following the transaction, the chairman now directly owns 438,462 shares of the company’s stock, valued at approximately $67,737,994.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,233 shares of company stock valued at $14,160,256. 1.43% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $30,000. CSat Investment Advisory L.P. raised its position in Alexandria Real Estate Equities by 65.9% in the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 89 shares in the last quarter. Meeder Asset Management Inc. raised its position in Alexandria Real Estate Equities by 883.3% in the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 265 shares in the last quarter. Signaturefd LLC raised its position in Alexandria Real Estate Equities by 19.2% in the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 87 shares in the last quarter. Finally, SRS Capital Advisors Inc. bought a new stake in Alexandria Real Estate Equities in the second quarter worth about $95,000. Institutional investors and hedge funds own 98.68% of the company’s stock.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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