Headlines about Alexandria Real Estate Equities (NYSE:ARE) have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 76 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Zacks: Brokerages Expect Alexandria Real Estate Equities, Inc. (ARE) Will Post Quarterly Sales of $246.93 Million (americanbankingnews.com)
- Insider Selling: Alexandria Real Estate Equities, Inc. (ARE) CEO Sells 13,893 Shares of Stock (americanbankingnews.com)
- Brokerages Anticipate Alexandria Real Estate Equities Inc (ARE) Will Post Earnings of $1.49 Per Share (americanbankingnews.com)
- Analyzing Lexington Realty Trust (LXP) & Alexandria Real Estate Equities (ARE) (americanbankingnews.com)
- Alexandria Real Estate Equities, Inc. (ARE) Given Consensus Rating of “Buy” by Brokerages (americanbankingnews.com)
Shares of Alexandria Real Estate Equities (NYSE:ARE) traded up 0.03% on Tuesday, hitting $120.62. The stock had a trading volume of 369,829 shares. The company has a market capitalization of $11.29 billion, a P/E ratio of 272.28 and a beta of 0.86. The firm has a 50 day moving average price of $120.12 and a 200 day moving average price of $115.85. Alexandria Real Estate Equities has a one year low of $101.51 and a one year high of $123.89.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities research analysts predict that Alexandria Real Estate Equities will post $1.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.86 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.85%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.
ARE has been the topic of a number of recent analyst reports. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised 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 boosted their target price on 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average target price of $122.71.
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In other news, COO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total value of $881,325.00. Following the completion of the transaction, the chief operating officer now owns 108,472 shares in the company, valued at approximately $12,746,544.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James H. Richardson sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $117.89, for a total value of $471,560.00. Following the completion of the transaction, the director now owns 61,000 shares of the company’s stock, valued at approximately $7,191,290. The disclosure for this sale can be found here. Insiders sold a total of 33,393 shares of company stock worth $3,987,774 in the last three months. 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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