Headlines about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive on Tuesday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a news sentiment score of 0.20 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.3223853897015 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Alexandria Real Estate Equities, Inc. Continues to Enhance Its Critical Support of the U.S. Military with Creation of New Headquarters for The Honor Foundation in San Diego, in Partnership with the Navy SEAL Foundation (finance.yahoo.com)
- Zacks: Analysts Expect Alexandria Real Estate Equities, Inc. (ARE) to Post $1.50 EPS (americanbankingnews.com)
- Critical Comparison: Alexandria Real Estate Equities (ARE) vs. First Potomac Realty Trust (FPO) (americanbankingnews.com)
- Alexandria Real Estate Equities, Inc. (ARE) EVP Sells $602,900.00 in Stock (americanbankingnews.com)
- Alexandria Real Estate Equities, Inc. to Issue Quarterly Dividend of $0.86 (ARE) (americanbankingnews.com)
Shares of Alexandria Real Estate Equities (NYSE:ARE) traded down 0.30% during trading on Tuesday, hitting $120.00. 583,308 shares of the company’s stock were exchanged. Alexandria Real Estate Equities has a 1-year low of $101.51 and a 1-year high of $123.89. The stock’s 50 day moving average is $120.56 and its 200 day moving average is $117.17. The firm has a market capitalization of $11.24 billion, a PE ratio of 270.88 and a beta of 0.87.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. On average, equities research analysts forecast that Alexandria Real Estate Equities will post $1.46 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be paid a $0.86 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.87%. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.
A number of analysts recently issued reports on ARE shares. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC raised their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $128.25.
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In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $119.00, for a total value of $238,000.00. Following the transaction, the insider now owns 87,867 shares in the company, valued at approximately $10,456,173. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares in the company, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,893 shares of company stock worth $6,019,969. Company insiders own 1.51% of the company’s stock.
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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