Alexandria Real Estate Equities (ARE) Given Daily News Sentiment Rating of 0.23
News headlines about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news 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 positive one, with scores nearest to one being the most favorable. Alexandria Real Estate Equities earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 46.6471704451161 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Zacks Investment Research Lowers Alexandria Real Estate Equities (ARE) to Hold (americanbankingnews.com)
- Construction starts on long-planned Lake Union life-science building (bizjournals.com)
- Alexandria Venture Investments Launches the Alexandria Seed Capital Platform … (markets.businessinsider.com)
- Alexandria Real Estate Equities, Inc. Announces Closing Of Public Offering Of … (prnewswire.com)
- Alexandria Real Estate Equities, Inc. Announces Closing Of Public Offering Of 6,900,000 Shares Of Common Stock, Including Exercise In Full Of Underwriters’ Option To Purchase Additional Shares (finance.yahoo.com)
Shares of Alexandria Real Estate Equities (ARE) traded up $0.02 on Friday, reaching $125.12. The company’s stock had a trading volume of 1,620,000 shares, compared to its average volume of 847,360. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. Alexandria Real Estate Equities has a 1-year low of $106.89 and a 1-year high of $134.37. The stock has a market cap of $11,980.00, a P/E ratio of 142.18 and a beta of 0.84.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.90 dividend. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 409.09%.
Several brokerages have commented on ARE. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Friday. Canaccord Genuity reiterated a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a research note on Monday, December 11th. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price on the stock in a research note on Monday, December 4th. Mizuho reiterated a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Finally, National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $99.91.
In other news, insider Peter M. Moglia sold 1,750 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $130.00, for a total value of $227,500.00. Following the transaction, the insider now directly owns 115,117 shares in the company, valued at approximately $14,965,210. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Stephen Richardson sold 5,000 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $128.78, for a total value of $643,900.00. Following the completion of the transaction, the chief operating officer now owns 131,972 shares in the company, valued at $16,995,354.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,250 shares of company stock worth $7,986,230. Company insiders own 1.51% of the company’s stock.
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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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