Alexandria Real Estate Equities, Inc. (NYSE:ARE) Short Interest Down 15.8% in March

Alexandria Real Estate Equities, Inc. (NYSE:ARE) saw a large 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. Approximately 3.8% of the shares of the stock are sold short. Based on an average trading volume of 2,041,264 shares, the short-interest ratio is presently 3.2 days.

Analyst Ratings Changes

ARE has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft raised 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. Mizuho reduced their price objective on Alexandria Real Estate Equities from $91.00 to $70.00 and set an “outperform” rating on the stock in a research note on Friday, January 9th. BNP Paribas Exane lowered their target price on Alexandria Real Estate Equities from $72.00 to $50.00 and set an “underperform” rating for the company in a research report on Thursday, December 4th. Finally, 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 report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $64.47.

Alexandria Real Estate Equities Trading Down 3.3%

Shares of NYSE:ARE traded down $1.53 during trading on Wednesday, hitting $44.89. The company had a trading volume of 1,804,605 shares, compared to its average volume of 2,505,608. The stock has a market cap of $7.78 billion, a price-to-earnings ratio of -5.32, a price-to-earnings-growth ratio of 5.60 and a beta of 1.31. 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 has a fifty day simple moving average of $52.45 and a two-hundred day simple moving average of $58.26. Alexandria Real Estate Equities has a one year low of $44.10 and a one year high of $92.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share 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 quarter in the prior year, the firm posted $2.39 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts forecast that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Tuesday, March 31st. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -34.12%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a stock buyback plan on Monday, December 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 6.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, Chairman Joel S. Marcus purchased 25,000 shares of the firm’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the purchase, the chairman directly owned 562,724 shares in the company, valued at $30,342,078.08. This trade represents a 4.65% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.15% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alexandria Real Estate Equities

A number of institutional investors and hedge funds have recently modified their holdings of ARE. Arrowstreet Capital Limited Partnership grew its stake in Alexandria Real Estate Equities by 114.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock valued at $55,020,000 after purchasing an additional 404,938 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Alexandria Real Estate Equities by 121.4% in the third quarter. DNB Asset Management AS now owns 92,657 shares of the real estate investment trust’s stock worth $7,722,000 after purchasing an additional 50,810 shares during the last quarter. Amundi lifted its holdings in shares of Alexandria Real Estate Equities by 2.9% during the second quarter. Amundi now owns 800,479 shares of the real estate investment trust’s stock worth $64,405,000 after purchasing an additional 22,820 shares during the period. Walleye Trading LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth about $2,390,000. Finally, Nan Fung Trinity HK Ltd. purchased a new stake in Alexandria Real Estate Equities in the third quarter valued at approximately $14,664,000. 96.54% of the stock is owned by institutional investors.

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.