Alexandria Real Estate Equities (ARE) Getting Somewhat Positive News Coverage, Analysis Shows

News coverage about Alexandria Real Estate Equities (NYSE:ARE) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.2028824853596 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Shares of Alexandria Real Estate Equities (ARE) traded up $0.28 during trading hours on Monday, reaching $127.28. The company had a trading volume of 918,994 shares, compared to its average volume of 1,144,860. Alexandria Real Estate Equities has a 1 year low of $106.89 and a 1 year high of $134.37. The company has a market capitalization of $12,849.64, a PE ratio of 144.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The firm had revenue of $285.60 million for the quarter, compared to the consensus estimate of $286.11 million. During the same period in the previous year, the firm earned $1.39 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 24.0% on a year-over-year basis. equities analysts predict that Alexandria Real Estate Equities will post 6.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a $0.90 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. This represents a $3.60 annualized dividend and a yield of 2.83%. Alexandria Real Estate Equities’s payout ratio is 409.10%.

ARE has been the topic of a number of recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $20.37 price target on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price on the stock in a report on Monday, December 4th. Mizuho reissued a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Royal Bank of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Finally, Zacks Investment Research raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and a consensus target price of $99.91.

In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $128.78, for a total value of $643,900.00. Following the transaction, the chief operating officer now owns 131,972 shares in the company, valued at $16,995,354.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Joel S. Marcus sold 13,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred 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 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 sold 62,250 shares of company stock worth $7,986,230. 1.51% of the stock is currently 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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