Media headlines about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 47.0600631892261 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Here's Why Hold Strategy is Apt for Alexandria (ARE) Now (finance.yahoo.com)
- Alexandria Real Estate Equities, Inc. (ARE) Expected to Post Earnings of $1.64 Per Share (americanbankingnews.com)
- Alexandria Real Estate Equities (ARE) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Executive Chairman of Alexandria Real Estate Equities Inc (NYSE:ARE), Marcus Joel S, sells 13,000 shares worth $1,690,000 (empowerednews.net)
- Alexandria Real Estate Equities, Inc. (ARE) COO Jennifer Banks Sells 5,000 Shares (americanbankingnews.com)
Shares of ARE stock traded down $0.89 during mid-day trading on Thursday, hitting $121.75. 516,100 shares of the stock traded hands, compared to its average volume of 675,245. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 3.04 and a beta of 0.80. Alexandria Real Estate Equities has a 52-week low of $122.68 and a 52-week high of $124.69. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.34 and a current ratio of 0.34.
A number of research firms recently weighed in on ARE. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $137.00 price objective for the company in a research note on Monday, April 16th. ValuEngine raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. TheStreet lowered shares of Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Barclays upped their price objective on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, February 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $102.34.
In other Alexandria Real Estate Equities news, COO Stephen Richardson sold 3,750 shares of the stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $123.32, for a total transaction of $462,450.00. Following the completion of the sale, the chief operating officer now directly owns 124,972 shares of the company’s stock, valued at $15,411,547.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James P. Cain sold 618 shares of the stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $123.57, for a total transaction of $76,366.26. Following the sale, the director now directly owns 3,490 shares of the company’s stock, valued at $431,259.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,618 shares of company stock valued at $11,609,144. Insiders own 1.41% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $17.9 billion and an asset base in North America of 29.6 million SF as of December 31, 2017.
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