Media stories about Alexandria Real Estate Equities (NYSE:ARE) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing 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 nearest to one being the most favorable. Alexandria Real Estate Equities earned a news sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.8217530615039 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
ARE has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Mizuho restated a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Bank of America raised their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. National Bank Financial cut Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Finally, Canaccord Genuity restated a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $105.67.
Shares of Alexandria Real Estate Equities (NYSE ARE) traded down $0.10 on Monday, reaching $117.94. The company’s stock had a trading volume of 314,634 shares, compared to its average volume of 846,800. Alexandria Real Estate Equities has a 12-month low of $106.89 and a 12-month high of $134.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.38 and a current ratio of 0.38. The company has a market capitalization of $11,950.24, a PE ratio of 75.19, a P/E/G ratio of 2.67 and a beta of 0.79.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($1.16). The business had revenue of $298.79 million for the quarter, compared to the consensus estimate of $293.63 million. Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 EPS. equities analysts expect that Alexandria Real Estate Equities will post 6.56 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.05%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date was Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 229.30%.
In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $127.81, for a total value of $639,050.00. Following the transaction, the executive vice president now directly owns 136,916 shares of the company’s stock, valued at $17,499,233.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joel S. Marcus sold 13,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the completion of the transaction, the chief executive officer now directly owns 651,436 shares in the company, valued at $82,673,742.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 116,250 shares of company stock worth $14,752,120. 1.51% of the stock is currently owned by corporate insiders.
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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