Somewhat Favorable News Coverage Somewhat Unlikely to Impact Alexandria Real Estate Equities (ARE) Stock Price
Headlines about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. 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 media sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.5254946131295 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of ARE opened at $129.76 on Friday. The company has a market cap of $13.24 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.99 and a beta of 0.79. Alexandria Real Estate Equities has a twelve month low of $114.00 and a twelve month high of $134.37. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.39 and a quick ratio of 0.39.
Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share for the quarter, hitting the consensus estimate of $1.64. The company had revenue of $325.00 million during the quarter, compared to analysts’ expectations of $331.27 million. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the business earned $1.50 EPS. sell-side analysts expect that Alexandria Real Estate Equities will post 6.6 EPS for the current fiscal year.
In other news, CEO Peter M. Moglia sold 4,917 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $124.96, for a total transaction of $614,428.32. Following the completion of the transaction, the chief executive officer now directly owns 114,200 shares of the company’s stock, valued at approximately $14,270,432. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lawrence J. Diamond sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $126.99, for a total transaction of $31,747.50. Following the transaction, the chief operating officer now directly owns 60,217 shares of the company’s stock, valued at $7,646,956.83. The disclosure for this sale can be found here. Insiders have sold a total of 42,167 shares of company stock valued at $5,338,791 over the last ninety days. Company insiders own 1.41% of the company’s stock.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.
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