Media stories about Alexandria Real Estate Equities (NYSE:ARE) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Alexandria Real Estate Equities earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.4213852504307 out of 100, meaning 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 news headlines that may have impacted Accern Sentiment’s scoring:
- What to Expect from Alexandria’s (ARE) Q3 Earnings Report? (finance.yahoo.com)
- REIT Q3 Earnings: Key Predictions for ARE, AVB, UDR, VNO – Nasdaq (nasdaq.com)
- What to Expect from Alexandria's (ARE) Q3 Earnings Report? (finance.yahoo.com)
- Alexandria Real Estate Equities Inc : quaterly earnings release (4-traders.com)
Alexandria Real Estate Equities (NYSE:ARE) opened at 122.16 on Friday. The stock has a 50 day moving average of $120.75 and a 200 day moving average of $119.05. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 275.76 and a beta of 0.87. Alexandria Real Estate Equities has a one year low of $101.73 and a one year high of $124.49.
Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same period in the previous year, the firm earned $1.36 earnings per share. Alexandria Real Estate Equities’s revenue was up 20.8% compared to the same quarter last year. Analysts forecast that Alexandria Real Estate Equities will post $1.47 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.82%. Alexandria Real Estate Equities’s payout ratio is 860.02%.
ARE has been the subject of several analyst reports. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BidaskClub lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Barclays PLC upped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. National Bank Financial lowered shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $106.20.
In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $120.41, for a total transaction of $602,050.00. Following the transaction, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at $18,422,730. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the transaction, the chief executive officer now directly owns 664,436 shares in the company, valued at $79,061,239.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,893 shares of company stock valued at $8,645,989. 1.60% of the stock is owned by insiders.
Alexandria Real Estate Equities Company Profile
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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