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

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

Analysts Set New Price Targets

ARE has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Alexandria Real Estate Equities from $53.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, February 2nd. Evercore raised their target price on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Morgan Stanley cut their price target on shares of Alexandria Real Estate Equities from $55.00 to $54.00 and set an “equal weight” rating on the stock in a report on Monday, February 9th. The Goldman Sachs Group initiated coverage on Alexandria Real Estate Equities in a research report on Tuesday, February 3rd. They set a “neutral” rating and a $60.00 price target on the stock. Finally, BNP Paribas Exane decreased their price objective on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $64.47.

Alexandria Real Estate Equities Price Performance

Shares of ARE opened at $46.02 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.23 and a quick ratio of 0.23. The company’s fifty day moving average price is $52.91 and its 200-day moving average price is $58.80. Alexandria Real Estate Equities has a 1-year low of $44.10 and a 1-year high of $96.56. The firm has a market capitalization of $7.97 billion, a PE ratio of -5.45, a price-to-earnings-growth ratio of 5.57 and a beta of 1.31.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.01. The company had revenue of $754.41 million during the quarter, compared to analysts’ expectations 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%.The firm’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. On average, equities research analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current year.

Alexandria Real Estate Equities announced that its Board of Directors has approved a share buyback plan on Monday, December 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to buy up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Alexandria Real Estate Equities Dividend Announcement

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

Insider Buying and Selling

In other news, Chairman Joel S. Marcus bought 25,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, February 12th. The stock was acquired at an average cost of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the acquisition, the chairman owned 562,724 shares of the company’s stock, valued at $30,342,078.08. This trade represents a 4.65% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the 4th quarter valued at $805,429,000. State Street Corp raised its holdings in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. State Street Corp now owns 11,348,192 shares of the real estate investment trust’s stock worth $563,418,000 after purchasing an additional 75,161 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Alexandria Real Estate Equities by 57.9% during the fourth quarter. Invesco Ltd. now owns 6,033,304 shares of the real estate investment trust’s stock worth $295,270,000 after purchasing an additional 2,211,424 shares during the last quarter. Geode Capital Management LLC lifted its position in Alexandria Real Estate Equities by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 4,459,453 shares of the real estate investment trust’s stock valued at $217,466,000 after purchasing an additional 48,490 shares during the period. Finally, Capital World Investors lifted its position in Alexandria Real Estate Equities by 0.8% during the fourth quarter. Capital World Investors now owns 3,720,956 shares of the real estate investment trust’s stock valued at $182,104,000 after purchasing an additional 29,575 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

About Alexandria Real Estate Equities

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.