Alexandria Real Estate Equities (NYSE:ARE) Receiving Somewhat Favorable News Coverage, Study Finds

Press coverage about Alexandria Real Estate Equities (NYSE:ARE) has been trending somewhat positive on Saturday, Accern Sentiment reports. The research group ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.1226663842511 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

Shares of Alexandria Real Estate Equities (NYSE:ARE) traded down 0.28% during mid-day trading on Friday, hitting $119.55. 296,731 shares of the company were exchanged. Alexandria Real Estate Equities has a 52 week low of $101.51 and a 52 week high of $123.89. The company has a 50 day moving average of $120.28 and a 200 day moving average of $116.18. The company has a market capitalization of $11.19 billion, a P/E ratio of 269.86 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.50. The business had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. Equities analysts anticipate that Alexandria Real Estate Equities will post $1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Wednesday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s payout ratio is 860.02%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC upped their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $122.57.

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In related news, COO Stephen Richardson sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $117.51, for a total transaction of $881,325.00. Following the sale, the chief operating officer now owns 108,472 shares of the company’s stock, valued at $12,746,544.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now directly owns 705,829 shares in the company, valued at approximately $85,560,591.38. The disclosure for this sale can be found here. Insiders sold 40,893 shares of company stock worth $4,891,974 in the last three months. Insiders own 1.60% 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.

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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