News stories about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alexandria Real Estate Equities earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.0860567971234 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Alexandria Real Estate Equities (ARE) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Alexandria Real Estate Equities (ARE) Upgraded to “Buy” by ValuEngine (americanbankingnews.com)
- Why Should You Add Alexandria (ARE) Stock to Your Portfolio? (finance.yahoo.com)
- Alexandria Real Estate Equities (ARE) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
Shares of NYSE:ARE traded down $1.10 during midday trading on Friday, hitting $122.07. The stock had a trading volume of 456,275 shares, compared to its average volume of 628,817. The company has a market cap of $12,469.59, a price-to-earnings ratio of 20.28, a PEG ratio of 3.04 and a beta of 0.80. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. Alexandria Real Estate Equities has a 1 year low of $111.59 and a 1 year high of $134.37.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 2.95%. The ex-dividend date is Wednesday, March 28th. Alexandria Real Estate Equities’s payout ratio is 59.80%.
A number of research analysts have commented on ARE shares. Canaccord Genuity restated a “buy” rating and issued a $20.37 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Tuesday, January 16th. ValuEngine upgraded 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. Finally, Royal Bank of Canada restated 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 equities research analysts have rated the stock with a hold rating and six have issued 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 $102.20.
In other news, CFO Dean A. Shigenaga sold 29,000 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $125.21, for a total value of $3,631,090.00. Following the sale, the chief financial officer now owns 147,864 shares of the company’s stock, valued at $18,514,051.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James P. Cain sold 618 shares of Alexandria Real Estate Equities 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 completion of the sale, the director now directly owns 3,490 shares in the company, valued at approximately $431,259.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,618 shares of company stock worth $8,935,609. Insiders own 1.60% of the company’s stock.
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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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