Research on Alexandria Real Estate Equities released on Thursday marked the beginning of coverage by equity analysts at StockNews.com.
The report on Alexandria Real Estate Equities (NYSE: ARE) was published on Thursday.
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
On January 31st, the results of Alexandria Real Estate Equities’ most recent quarterly financial report were made public.
The report was published on the NYSE under the symbol ARE. However, the REIT only reported a profit of $0.31 per share for the quarter, significantly lower than the consensus forecast of $2.13 in profits per share from REIT analysts, which was $2.13.
The company’s sales for the quarter came in at $670.28 million, less than the $674.21 million that the industry professionals had anticipated the company would bring in.
The return on equity for Alexandria Real Estate Equities was 2.80 percent, while the net margin for the company was 20.15 percent. Compared to the previous year, the company’s quarterly sales experienced an annual growth rate of 16.2% higher. Compared to the current year, the company had earnings of $1.97 per share during the same period the year before the public.
The report was published on the NYSE under the symbol ARE. However, the REIT only reported a profit of $0.31 per share for the quarter, significantly lower than the consensus forecast of $2.13 in profits per share from REIT analysts, which was $2.13.
The company’s sales for the quarter came in at $670.28 million, less than the $674.21 million that the industry professionals had anticipated the company would bring in.
The return on equity for Alexandria Real Estate Equities was 2.80 percent, while the net margin for the company was 20.15 percent. Compared to the previous year, the company’s quarterly sales experienced an annual growth rate of 16.2% higher. Compared to the current year, the company had earnings of $1.97 per share during the same period the year before. Sell-side analysts have predicted that Alexandria Real Estate Equities will have earnings per share of $8.95 for the current fiscal year.
This projection is based on the company’s historical performance.
On Thursday, the NYSE ARE opened with a trading price of $126.95 for its first day of business.
The debt-to-equity ratio, the quick ratio, and the current ratio all equal 0.45, and each ratio equals 0.35.
The moving averages for the company over the previous 50 days are $153.65, and the moving averages over the previous 200 days are $1486.1. Over the previous fifty-two weeks, the price of Alexandria Real Estate Equities has fluctuated between a low of $123.26 and a high of $206.85.
A market capitalization of $21.97 billion, a price-to-earnings ratio of 40.56, a price-to-earnings-to-growth ratio of 1.84, and a beta coefficient of 0.95 are all characteristics of the company.
ARE has communicated with a wide range of additional stock research professionals throughout the past few weeks and has received their feedback. JMP Securities published a research note on Tuesday, January 31st, in which they reaffirmed their “buy” rating on Alexandria Real Estate Equities shares and set a target price of $180.00 for the company. JMP Securities also set a price objective of $180.00 for the company.
Evercore ISI stated in a research note that was released on Friday, December 2nd, that they would be lowering their price objective on Alexandria Real Estate Equities to $168.00.
This information was included in the research note.
In a report that was distributed on Monday, February 13th, Mizuho upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and increased their target price from $178.00 to $180.00.
This move was made in conjunction with the upgrade of the target price. JPMorgan Chase & Co raised their Alexandria Real Estate Equities price target from $176.00 to $177.00 in a public research report on the second Thursday of February.
In addition to that, the company rated the stock as “overweight,” which is a positive indicator.
In a report released on Thursday, February 2nd, Robert W.
Baird gave the company an “outperform” rating and increased their price objective on Alexandria Real Estate Equities from $162.00 to $174.00.
In addition, they raised the price target from $162.00 to $174.00.
The findings of the study were made public after the market had closed. Six research experts favor purchasing shares of the company, while only two are in favor of keeping the shares that are already owned.
Bloomberg reports that the company is currently being rated as having a “Moderate Buy” average and that the general consensus price goal for the company is set at $175.63.
According to reports from other sources concerning Alexandria Real Estate Equities, Chief Executive Officer Joel S.
Marcus sold 9,000 shares of the company’s stock on Tuesday, February 7th (AREE).
The price of each share was purchased at an average of $168.00 throughout the sale, which resulted in a total value of the transaction that was equal to $1,512,000.00. Following the successful conclusion of the sale, the chairman now owns 388,729 business shares, the total value of which is 65,306,472 dollars. You will be taken to a legal file submitted to the SEC if you click on the link we provided, where you will find additional information regarding the sale. On February 7th, firm Chairman Joel S.
Marcus made a transaction in which he sold 9,000 shares of company stock.
This is another development on this topic.
The price of each share was purchased at an average of $168.00 throughout the sale, which resulted in a total value of the transaction that was equal to $1,512,000.00. Following the completion of the sale, the chairman will have 388,729 shares in the company.
Based on the current market price, these shares have a value of approximately $65,306,472.
The documentation that describes the transaction was submitted to the Securities and Exchange Commission, and it is possible to locate it on the SEC’s website. On Monday, February 6th, the company’s Executive Vice President, Marc E.
Binda, sold 3,298 shares of the company’s stock.
The stock was sold for a total value of 551,458.58 dollars, which works out to a price of $167.21 per share.
The executive vice president’s share of the company is worth $11,203,906.05. He is a shareholder in the company to the tune of 67,005 shares.
Disclosures related to the sale might be found in this website section.
Business insiders sold 16,101 shares of company stock during the most recent fiscal period, resulting in a total transaction value of $2,700,271.
The company’s insiders collectively hold the company’s stock to the extent of 96%.
During the most recent few months, a wide variety of institutional investors, including hedge funds, have engaged in buying and selling transactions involving the company’s shares of stock. Raymond James Financial Services Advisors INC increased the amount of Alexandria Real Estate Equities owned by 8.6% over the first three months of 2018.
As a result of the purchase of 348 additional shares of the real estate investment trust during the most recent fiscal quarter, Raymond James Financial Services Advisors INC now has a total of 4,377 shares of the real estate investment trust.
The price of these shares comes to a total of $880,000.
The total value of American Century Companies INC’s holdings in Alexandria Real Estate Equities increased by 242.4% over the first three months of 2018.
American Century Companies INC has a total stake in the real estate investment trust equal to 4,499 after purchasing an additional 3,185 shares during the most recent quarter.
The value of this real estate investment trust is $906,000.
Because of this, the total number of shares owned by the company is now 4,499. Cambridge Investment Research Advisors INC raised the proportion of its holdings that were comprised of Alexandria Real Estate Equities by 14.4% over the first three months of 2018. Following the purchase of 598 real estate investment trust shares during the most recent fiscal quarter, Cambridge Investment Research Advisors INC now has 4,753 shares of the real estate investment trust.
The value of these shares is $957,000.
In the first three months of 2018, HighTower Advisors LLC saw an increase of 11.7% in the proportion of Alexandria’s real estate assets that it owned.
The most recent fiscal quarter saw HighTower Advisors LLC make an additional purchase of 620 shares, bringing the total number of shares directly owned by the company in the real estate investment trust to 5,903, with a value of $1,187,000. Not to be outdone, during the first three months of this year, Cetera Advisor Networks LLC increased the percentage of Alexandria Real Estate Equities owned by 7.3%. Following the purchase of 74 additional shares during the most recent quarter, Cetera Advisor Networks LLC now has 1,086 shares of the real estate investment trust, currently valued at $219,000.
Institutions own the stock 89.81% of the time, making them the most common type of shareholder.