Somewhat Positive Press Coverage Somewhat Unlikely to Impact Alexandria Real Estate Equities (ARE) Share Price
Media stories about Alexandria Real Estate Equities (NYSE:ARE) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alexandria Real Estate Equities earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.1606885533734 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Alexandria Real Estate Equities (ARE) traded down $0.08 during trading hours on Friday, hitting $130.59. 372,800 shares of the stock were exchanged, compared to its average volume of 740,290. The firm has a market capitalization of $12,499.81, a price-to-earnings ratio of 148.40 and a beta of 0.84. Alexandria Real Estate Equities has a 1 year low of $106.89 and a 1 year high of $134.37. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). The business had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. equities research analysts forecast that Alexandria Real Estate Equities will post 6.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, December 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 409.10%.
A number of research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective on the stock in a research note on Monday, December 4th. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.37 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, December 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $99.91.
In related news, EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $127.81, for a total transaction of $639,050.00. Following the sale, the executive vice president now owns 136,916 shares in the company, valued at $17,499,233.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joel S. Marcus sold 13,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the sale, the chief executive officer now owns 651,436 shares in the company, valued at approximately $82,673,742.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,250 shares of company stock worth $7,986,230. 1.60% of the stock is owned by company insiders.
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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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