News headlines about Alexandria Real Estate Equities (NYSE:ARE) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog 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 news impact score of 0.11 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.4350167813497 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
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, topping analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $270.90 million for the quarter, compared to analysts’ expectations of $261.67 million. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS.
The business 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 represents a $3.44 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently -205.99%.
ARE has been the topic of a number of recent research reports. Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Finally, Barclays PLC boosted their target price on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $122.38.
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In other news, Director James H. Richardson sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $117.89, for a total transaction of $471,560.00. Following the sale, the director now directly owns 61,000 shares in the company, valued at approximately $7,191,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 14,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $112.92, for a total value of $1,580,880.00. Following the sale, the chief executive officer now owns 723,829 shares in the company, valued at $81,734,770.68. The disclosure for this sale can be found here. Insiders have sold a total of 35,674 shares of company stock worth $4,130,859 over the last quarter. 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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