Economy

Alexandria Real Estate Equities Inc (ARE) Sees Sluggish Weekly Performance

The real estate investment trust reported $1.42 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.27 by $1.15. State Street Corp has invested 0.04% in Alexandria Real Estate Equities Inc (NYSE:ARE). To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

12/04/2014 - Alexandria Real Estate Equities, Inc. had its "outperform" rating reiterated by analysts at Cowen. Henderson Group PLC now owns 10,938 shares of the real estate investment trust's stock worth $1,132,000 after buying an additional 5,838 shares during the period. Alexandria Real Estate Equities Inc. had 14 analyst reports since August 24, 2015 according to SRatingsIntel. The business had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million.

Based on the stock's volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 1.95% and month of 1.38%. The company reported revenue of $196.52 Million in the same period previous year. The 14-day RSI is now sitting at 44.40, the 7-day is at 38.58, and the 3-day is spotted at 20.36 for Alexandria Real Estate Equities Inc (ARE).

05/01/2015 - Alexandria Real Estate Equities, Inc. was upgraded to "buy" by analysts at Zacks. Finally, Barclays PLC reduced their price target on Alexandria Real Estate Equities from $121.00 to $116.00 and set an "overweight" rating for the company in a research report on Monday, January 23rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock.

According to the latest research reports released, 1 analyst has issued a rating of "buy", 6 analysts "outperform", 5 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".

In other news, CEO Joel S. Marcus sold 13,000 shares of the firm's stock in a transaction on Thursday, February 2nd. While the stock has a nice low price tag to it, does it have any value? Following the completion of the transaction, the chief executive officer now directly owns 689,436 shares in the company, valued at $83,532,065.76.

Several other hedge funds have also modified their holdings of the business. Price T Rowe Assoc Md reported 1.56M shares stake. Capstone Asset Mngmt owns 7,052 shares. The disclosure for this sale can be found here. Moglia Peter M sold 4,000 shares worth $474,240.

Let's take a look at how the stock has been performing recently. Muzinich & Co. Inc. grew its position in shares of Alexandria Real Estate Equities by 30.4% in the 2nd quarter. Legal & General Group Plc now owns 431,766 shares of the real estate investment trust's stock valued at $52,012,000 after acquiring an additional 31,871 shares in the last quarter. Fifth Third National Bank has invested 0.03% in Alexandria Real Estate Equities Inc (NYSE:ARE). SG Americas Securities LLC now owns 29,672 shares of the real estate investment trust's stock valued at $3,575,000 after acquiring an additional 17,425 shares in the last quarter. First Personal Financial Services grew its position in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. American Assets Capital Advisers sold 11,704 shares as Alexandria Real Estate (ARE)'s stock rose 1.11%. Jpmorgan Chase & invested 0.02% of its portfolio in Alexandria Real Estate Equities Inc (NYSE:ARE).

Over the past 50 days, Alexandria Real Estate Equities, Inc. stock's -2.85% off of the high and 3.58% removed from the low. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The firm's 50-day moving average price is $120.57 and its 200 day moving average price is $117.15. The firm's market cap is $10.02 billion.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. Senator Grp Inc Limited Partnership invested in 2.75M shares or 3.26% of the stock. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently -165.17%. Alexandria Real Estate Eq In now has $11.18B valuation. "(ARE) to Post $1.50 EPS" was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of USA and global trademark and copyright law. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post $2.18 EPS for the current year.

The consensus analysts recommendation at this point stands at 2.30 on Alexandria Real Estate Equities, Inc. The Firm 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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