Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,700,000 shares, a decrease of 29.5% from the March 31st total of 2,410,000 shares. Based on an average daily trading volume, of 871,900 shares, the short-interest ratio is currently 1.9 days.
Alexandria Real Estate Equities stock opened at $181.10 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.63. The firm’s fifty day moving average is $170.88 and its 200 day moving average is $167.31. Alexandria Real Estate Equities has a 12-month low of $136.52 and a 12-month high of $181.43. The company has a market capitalization of $26.71 billion, a PE ratio of 41.82, a PEG ratio of 4.39 and a beta of 0.80.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Sunday, April 25th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($1.81). Alexandria Real Estate Equities had a return on equity of 4.79% and a net margin of 29.07%. The business had revenue of $479.85 million for the quarter, compared to analyst estimates of $484.48 million. During the same quarter in the previous year, the company posted $0.14 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Alexandria Real Estate Equities will post 7.29 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st were issued a dividend of $1.09 per share. The ex-dividend date was Tuesday, March 30th. This represents a $4.36 annualized dividend and a yield of 2.41%. Alexandria Real Estate Equities’s payout ratio is 62.64%.
In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 10,000 shares of the company’s stock in a transaction dated Monday, March 15th. The shares were sold at an average price of $166.41, for a total transaction of $1,664,100.00. Following the sale, the chief executive officer now directly owns 201,163 shares of the company’s stock, valued at $33,475,534.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James P. Cain sold 400 shares of the company’s stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $168.01, for a total transaction of $67,204.00. Following the sale, the director now directly owns 4,506 shares in the company, valued at $757,053.06. The disclosure for this sale can be found here. Insiders have sold 20,400 shares of company stock valued at $3,407,004 in the last ninety days. 1.12% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in Alexandria Real Estate Equities by 97.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 200,370 shares of the real estate investment trust’s stock valued at $35,710,000 after buying an additional 98,797 shares during the period. Strs Ohio grew its position in Alexandria Real Estate Equities by 11.6% during the fourth quarter. Strs Ohio now owns 437,569 shares of the real estate investment trust’s stock valued at $77,983,000 after buying an additional 45,647 shares during the period. Victory Capital Management Inc. grew its position in Alexandria Real Estate Equities by 2.8% during the fourth quarter. Victory Capital Management Inc. now owns 131,362 shares of the real estate investment trust’s stock valued at $23,411,000 after buying an additional 3,628 shares during the period. Wambolt & Associates LLC bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at about $295,000. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Alexandria Real Estate Equities by 7.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 7,679 shares of the real estate investment trust’s stock valued at $1,368,000 after buying an additional 564 shares during the period. Institutional investors own 87.58% of the company’s stock.
Separately, Robert W. Baird raised shares of Alexandria Real Estate Equities from a “neutral” rating to an “outperform” rating and set a $194.00 target price for the company in a report on Thursday, January 7th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $180.71.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).