Media coverage about Alexandria Real Estate Equities (NYSE:ARE) has trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of news coverage by analyzing 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 0.09 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.9096581899491 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Take a look at Alexandria's latest apartment complex in Kendall Square (finance.yahoo.com)
- Alexandria Real Estate Equities (ARE) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Zacks: Analysts Anticipate Alexandria Real Estate Equities Inc (ARE) Will Announce Quarterly Sales of $318.95 Million (americanbankingnews.com)
- Alexandria Real Estate Equities (ARE) Cut to Hold at Zacks Investment Research (americanbankingnews.com)
- Alexandria (ARE) Expands Alexandria LaunchLabs in Cambridge (zacks.com)
Several research analysts have recently weighed in on the company. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, April 4th. ValuEngine upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Barclays boosted their target price on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Finally, TheStreet cut Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $102.34.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($1.16). Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. The business had revenue of $298.79 million during the quarter, compared to analyst estimates of $293.63 million. During the same quarter in the prior year, the company posted $1.42 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. equities research analysts forecast that Alexandria Real Estate Equities will post 6.57 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Wednesday, March 28th. Alexandria Real Estate Equities’s dividend payout ratio is presently 59.80%.
In related news, Director James P. Cain sold 618 shares of the company’s stock in a transaction that occurred on Wednesday, March 28th. The stock was sold at an average price of $123.57, for a total value of $76,366.26. Following the transaction, the director now directly owns 3,490 shares in the company, valued at $431,259.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Joel S. Marcus sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $125.37, for a total value of $3,761,100.00. Following the completion of the transaction, the chief executive officer now owns 671,358 shares in the company, valued at $84,168,152.46. The disclosure for this sale can be found here. Insiders sold 71,618 shares of company stock worth $8,935,609 over the last quarter. 1.60% of the stock is currently owned by insiders.
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About Alexandria Real Estate Equities
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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