Somewhat Favorable Media Coverage Somewhat Likely to Affect Alexandria Real Estate Equities (ARE) Share Price
Headlines about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alexandria Real Estate Equities earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 50 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Alexandria Real Estate Equities, Inc. (ARE) Expected to Post Quarterly Sales of $244.33 Million (americanbankingnews.com)
- Analysts Anticipate Alexandria Real Estate Equities, Inc. (ARE) Will Post Earnings of $1.50 Per Share (americanbankingnews.com)
- ETFs with exposure to Alexandria Real Estate Equities, Inc. : July 14, 2017 (finance.yahoo.com)
- The New #32 Most Shorted S&P 500 Component: W.W. Grainger (marketnewsvideo.com)
- Beating the Benchmark (finance.yahoo.com)
Shares of Alexandria Real Estate Equities (ARE) opened at 120.04 on Monday. The stock’s market cap is $10.93 billion. The stock’s 50 day moving average price is $118.41 and its 200 day moving average price is $114.06. Alexandria Real Estate Equities has a one year low of $101.31 and a one year high of $122.28.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The business had revenue of $270.90 million during 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 for the quarter was up 25.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Analysts forecast that Alexandria Real Estate Equities will post $1.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.86 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, June 28th. Alexandria Real Estate Equities’s payout ratio is -205.99%.
ARE has been the subject of a number of analyst reports. Mizuho restated a “buy” rating and set a $125.00 target price on shares of Alexandria Real Estate Equities in a report on Monday, March 20th. Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 target price for the company in a report on Tuesday, March 21st. Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Barclays PLC increased their price objective 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. Finally, TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and a consensus target price of $121.13.
In other news, Director James H. Richardson sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $117.89, for a total transaction of $471,560.00. Following the completion of the sale, the director now directly owns 61,000 shares of the company’s stock, valued at approximately $7,191,290. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Joel S. Marcus sold 14,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, May 4th. The stock was 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 of the company’s stock, valued at $81,734,770.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,674 shares of company stock valued at $4,130,859. Corporate insiders own 1.51% of the company’s stock.
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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