Analyst Insights On 2 Stocks: Alexandria Real Estate Equities, Inc. (ARE), State Street Corporation (STT)

Alexandria Real Estate Equities, Inc. (NYSE:ARE) appreciated by 0.63% at $119.4, after hitting low of $117.87 in an intra-day trade. Alexandria Real Estate Equities, Inc. has 94.23 million shares outstanding, and in the last trade has seen ATR around 1.56. The volume of ARE witnessed a shift from 911.45 thousand shares, based on a 50-day average, to 0.61 million shares.

In the most updated research from a number of analysts on Wall Street, the company gets 7 Buys and 0 Sell among 12 analysts. Alexandria Real Estate Equities, Inc. (NYSE:ARE) recently traded as high as $119.87. The consensus analyst target price is $127.27. That gives us a street projected return of 6.59%. If the published price targets set by Alexandria Real Estate Equities, Inc. analysts have any power to influence the stock’s share price, the highest price target set for ARE is $140.

Alexandria Real Estate Equities, Inc. most recently reported earnings per share (EPS) of $1.5 for the June 2017 versus $1.36 in the same quarter last year, representing 10% growth. Analysts had predicted $1.5. Revenue during the quarter was $211.94 million, representing -6% growth from $226.08 million in year-ago quarter. The company’s quarterly EPS surprised Wall Street by as much as 0% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.

On a similar note, analysts expect EPS of $1.5 in September 2017 quarter and $1.55 in December 2017 quarter, representing 7.91% and 9.15% growth, respectively. They expect this year’s earnings to rise 9.44% year-over-year to $6.03, followed by 9.12% growth in the next year to $6.58.

Shares of State Street Corporation (NYSE:STT) traded up 0.43% in the last session while performance was up 92.4% in the last five days. The stock’s last price was higher from the average trading price of 50 days recorded at $91.98 while enlarging the period to 200 trading days, the average price was $83.25. Currently, 375.2 million total shares are owned by the public and among those 371.08 million shares have been available to trade. The percentage of shares being held by the company management was 0.8% while institutional stake was 92.7%.

State Street Corporation (STT) is recuperating from the fall at $68.16, the 52-week low. The stock has risen 35.56% since then. The trading saw a strength at $96.26 , the 52-week high. But since then, those gains have faded by -4.01%. STT has lost -1.28% in the 1-month period.

Alexandria Real Estate Equities, Inc. has a beta of 1.3, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $5.41 a share in the trailing twelve months. It last reported revenues of $2.94 billion and EPS of $1.67 for the June 2017, representing 10% top-line growth and 1.46 EPS growth.

Looking forward, the company’s quarterly earnings are expected to come at $1.59 in the three months through September 2017 and $1.68 in the quarter ending December 2017, reflecting 17.78% and 13.51% growth, respectively. For the full year, analysts expect earnings to jump 15.94% yoy to $6.11. Next year this growth will reach 11.78% to attain $6.83.

Leave a Reply

Your email address will not be published.

1 × 3 =