News articles about Alexandria Real Estate Equities (NYSE:ARE) have been trending positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of 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 0.29 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 76 out of 100, meaning that recent media coverage is likely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
A number of brokerages have recently weighed in on ARE. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. 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. BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $122.38.
Alexandria Real Estate Equities (ARE) traded down 0.07% during trading on Monday, reaching $120.91. The company had a trading volume of 69,067 shares. The company’s market capitalization is $11.01 billion. Alexandria Real Estate Equities has a one year low of $101.51 and a one year high of $123.18. The company has a 50-day moving average price of $119.56 and a 200 day moving average price of $115.15.
Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.03. The firm had revenue of $270.90 million for the quarter, compared to analysts’ expectations of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The company’s revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS. Analysts expect that Alexandria Real Estate Equities will post $1.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.86 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.84%. Alexandria Real Estate Equities’s payout ratio is presently -205.99%.
In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 14,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $112.92, for a total transaction of $1,580,880.00. Following the sale, the chief executive officer now directly owns 723,829 shares in the company, valued at $81,734,770.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter M. Moglia sold 2,000 shares of the business’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $119.00, for a total transaction of $238,000.00. Following the sale, the insider now owns 87,867 shares in the company, valued at $10,456,173. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,674 shares of company stock worth $4,130,859. 1.51% of the stock is owned by insiders.
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Alexandria Real Estate Equities Company Profile
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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