The stock of Alexandria Real Estate Equity IN (NYSE:ARE) registered a decrease of 0.64% in short interest. ARE’s total short interest was 9.32 million shares in September as published by FINRA. Its down 0.64% from 9.38 million shares, reported previously. With 394,800 shares average volume, it will take short sellers 24 days to cover their ARE’s short positions. The short interest to Alexandria Real Estate Equity IN’s float is 12.17%. About 47,767 shares traded hands. Alexandria Real Estate Equities Inc (NYSE:ARE) has risen 45.85% since February 8, 2016 and is uptrending. It has outperformed by 29.36% the S&P500.
Alexandria Real Estate Equities, Inc. is a real estate investment . The company has a market cap of $8.46 billion. The Firm is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It currently has negative earnings. It is focused on collaborative science and technology campuses.
The institutional sentiment increased to 1.5 in 2016 Q2. Its up 0.35, from 1.15 in 2016Q1. The ratio increased, as 15 funds sold all Alexandria Real Estate Equities Inc shares owned while 88 reduced positions. 37 funds bought stakes while 118 increased positions. They now own 77.51 million shares or 9.12% more from 71.03 million shares in 2016Q1.
Resolution Capital Ltd holds 4.83% of its portfolio in Alexandria Real Estate Equities Inc for 709,647 shares. Apg Asset Management Us Inc. owns 5.88 million shares or 4.75% of their US portfolio. Moreover, American Assets Capital Advisers has 4.66% invested in the company for 69,954 shares. The Florida-based Real Estate Management Services Llc has invested 3.9% in the stock. Harrison Street Securities Llc, a Illinois-based fund reported 5,938 shares.
Out of 4 analysts covering Alexandria Real Estate Equities Inc. (NYSE:ARE), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $124 is the highest target while $96 is the lowest. The $115.25 average target is 8.72% above today’s ($106.01) stock price. Alexandria Real Estate Equities Inc. has been the topic of 9 analyst reports since September 21, 2015 according to StockzIntelligence Inc. BTIG Research initiated the stock on August 25 with “Buy” rating. JP Morgan maintained the shares of ARE in a report on August 16 with “Overweight” rating.
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