Short Interest in Alexandria Real Estate Equities, Inc. (NYSE:ARE) Declines By 5.4%

Alexandria Real Estate Equities, Inc. (NYSE:ARE) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 4,050,000 shares, a drop of 5.4% from the May 15th total of 4,280,000 shares. Based on an average daily volume of 821,900 shares, the short-interest ratio is currently 4.9 days.

Alexandria Real Estate Equities Stock Up 0.4 %

NYSE:ARE opened at $115.67 on Thursday. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $135.45. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.54. The stock has a market cap of $20.23 billion, a price-to-earnings ratio of 108.10, a PEG ratio of 2.88 and a beta of 1.12. The stock has a 50-day moving average price of $118.57 and a two-hundred day moving average price of $122.09.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $1.30 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total transaction of $631,500.00. Following the completion of the sale, the insider now directly owns 6,005,077 shares of the company’s stock, valued at $25,281,374.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.15% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Fulton Bank N.A. boosted its position in shares of Alexandria Real Estate Equities by 4.2% during the first quarter. Fulton Bank N.A. now owns 2,074 shares of the real estate investment trust’s stock worth $267,000 after buying an additional 83 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Alexandria Real Estate Equities by 29.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 376 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 85 shares during the period. SPC Financial Inc. boosted its position in shares of Alexandria Real Estate Equities by 5.4% during the first quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 100 shares during the period. Arbor Capital Management Inc. ADV boosted its position in shares of Alexandria Real Estate Equities by 1.3% during the fourth quarter. Arbor Capital Management Inc. ADV now owns 8,606 shares of the real estate investment trust’s stock worth $1,079,000 after buying an additional 109 shares during the period. Finally, Taylor Frigon Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 0.7% during the first quarter. Taylor Frigon Capital Management LLC now owns 16,234 shares of the real estate investment trust’s stock worth $2,093,000 after buying an additional 112 shares during the period. 96.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ARE has been the subject of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 24th. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Finally, Evercore ISI decreased their target price on Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.