Alexandria Real Estate Equities (ARE) Given Media Impact Score of 0.23
Headlines about Alexandria Real Estate Equities (NYSE:ARE) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 45.6198042180772 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- IHS Markit Score upgrades Alexandria Real Estate Equities Inc to 69 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- Alexandria Real Estate Equities, Inc. breached its 50 day moving average in a Bearish Manner : ARE-US : August 11, 2017 (finance.yahoo.com)
- Chief Operating Officer of Alexandria Real Estate Equities (NYSE:ARE), Richardson Stephen, sells 7,500 shares worth $904,200 (forextv.com)
- See what the IHS Markit Score report has to say about Alexandria Real Estate Equities Inc. (finance.yahoo.com)
- Alexandria Real Estate Equities, Inc. (NYSE:ARE) COO Sells $904,200.00 in Stock (americanbankingnews.com)
Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Wednesday, August 9th. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Barclays PLC raised their price target on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, BidaskClub cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $122.57.
Alexandria Real Estate Equities (NYSE:ARE) opened at 121.48 on Wednesday. Alexandria Real Estate Equities has a 12-month low of $101.51 and a 12-month high of $123.89. The company has a market cap of $11.37 billion, a PE ratio of 274.22 and a beta of 0.86. The company has a 50-day moving average price of $120.32 and a 200 day moving average price of $116.34.
Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the prior year, the firm earned $1.36 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. On average, analysts forecast that Alexandria Real Estate Equities will post $1.47 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.
In other Alexandria Real Estate Equities news, Director James H. Richardson sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $117.89, for a total value of $471,560.00. Following the sale, the director now owns 61,000 shares in the company, valued at approximately $7,191,290. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the sale, the chief operating officer now owns 136,972 shares in the company, valued at approximately $16,513,344.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,393 shares of company stock valued at $4,010,649. Insiders own 1.51% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.
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