Somewhat Favorable News Coverage Somewhat Unlikely to Impact Alexandria Real Estate Equities (ARE) Share Price
News coverage about Alexandria Real Estate Equities (NYSE:ARE) has trended somewhat positive recently, Accern reports. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 46.2511178130496 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- First Week of March 16th Options Trading For Alexandria Real Estate Equities (ARE) (nasdaq.com)
- Why an Earnings Beat is Likely for Alexandria (ARE) in Q4? (finance.yahoo.com)
- Alexandria Real Estate Equities (ARE) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Alexandria Real Estate Equities (ARE) Set to Announce Earnings on Monday (americanbankingnews.com)
- Alexandria Real Estate Equities (ARE) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Several brokerages have recently weighed in on ARE. Canaccord Genuity reaffirmed a “buy” rating and issued a $20.37 price target on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Bank of America raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target for the company in a research report on Monday, December 4th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a research report on Tuesday. Mizuho reissued a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Finally, National Bank Financial cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and a consensus target price of $101.05.
Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. During the same period in the previous year, the company earned $1.39 EPS. The company’s revenue was up 24.0% on a year-over-year basis. equities analysts anticipate that Alexandria Real Estate Equities will post 6.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were given a dividend of $0.90 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $3.60 dividend on an annualized basis and a yield of 2.84%. Alexandria Real Estate Equities’s dividend payout ratio is presently 409.09%.
In other Alexandria Real Estate Equities news, insider Peter M. Moglia sold 1,750 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $130.00, for a total transaction of $227,500.00. Following the transaction, the insider now owns 115,117 shares in the company, valued at approximately $14,965,210. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $128.78, for a total transaction of $643,900.00. Following the transaction, the chief operating officer now owns 131,972 shares in the company, valued at approximately $16,995,354.16. The disclosure for this sale can be found here. Insiders have sold 62,250 shares of company stock valued at $7,986,230 in the last three months. 1.51% of the stock is currently owned by corporate 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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