Alexandria Real Estate Equities (NYSE:ARE) sets new 12-month low at $135.00


The stock price of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) hit a fresh 52-week low during Tuesday’s trading session. The stock traded as low as $135.00 and last traded at $135.49, with volume of 5694 shares changing hands. The stock previously closed at $136.71.

A number of equity research analysts have recently released reports on ARE shares. TheStreet reduced shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a Friday, March 11 report. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a Thursday, April 28 research report. One investment analyst gave the stock a sell rating, one gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $180.80.

The company has a market capitalization of $22.37 billion, a P/E ratio of 49.00, a PEG ratio of 2.26 and a beta of 0.85. The stock’s 50-day moving average is $176.34 and its two-hundred-day moving average is $191.92. The company has a debt ratio of 0.51, a current ratio of 0.40 and a quick ratio of 0.40.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its results on Monday, April 25. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analyst consensus estimates of $0.75 per ($1.71). The company posted revenue of $615.10 million in the quarter, versus a consensus estimate of $595.35 million. Alexandria Real Estate Equities posted a net margin of 18.30% and a return on equity of 2.28%. The company’s revenues increased by 28.2% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.91. As a group, research analysts expect Alexandria Real Estate Equities, Inc. to post EPS of 8.4 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $1.18 per share. This represents an annualized dividend of $4.72 and a yield of 3.44%. This is a boost from Alexandria Real Estate Equities’ previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, June 29. Alexandria Real Estate Equities’ dividend payout ratio is currently 164.88%.

In other news, CEO Stephen Richardson sold 5,000 shares in a trade that took place on Monday, May 9. The shares were sold at an average price of $171.47, for a total transaction of $857,350.00. As a result of the sale, the CEO now directly owns 175,602 shares of the company, valued at $30,110,474.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, manager James P. Cain sold 425 shares in a trade that took place on Wednesday, March 16. The shares were sold at an average price of $193.26, for a total transaction of $82,135.50. The disclosure of this sale can be found here. Insiders sold 7,290 shares of the company worth $1,292,996 in the past ninety days. Insiders own 0.96% of the shares of the company.

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Industrial Alliance Investment Management Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $26,000. DB Wealth Management Group LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at $26,000. Confluence Wealth Services Inc. acquired a new stake in Alexandria Real Estate Equities in the fourth quarter valued at $27,000. Bank of New Hampshire acquired a new stake in Alexandria Real Estate Equities in the first quarter worth $28,000. Finally, Tcwp LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter at a value of $31,000. 94.49% of the shares are currently held by institutional investors and hedge funds.

About Alexandria Real Estate Stocks (NYSE:ARE)

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 urban office real estate investment trust (“REIT”)®is the leading owner, operator and developer focused solely on collaborative life sciences, technology and agtech campuses in AAA innovation clusters, with a total market capitalization of $31.9 billion at December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”).

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