The price of Alexandria Real Estate Equities Inc. (NYSE:ARE) shares last traded on Wall Street rose 1.22% to $145.20.
ARE stock price is now -0.74% away from the 50-day moving average and -8.40% away from the 200-day moving average. The market capitalization of the company currently stands at $23.64B.
Top 5 Undervalued Stocks To Own In 2023
Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.
Click here to download your Free Research Report…
Sponsored
With the price target of $140, Credit Suisse recently initiated with Neutral rating for Alexandria Real Estate Equities Inc. (NYSE: ARE). , while ‘Robert W. Baird’ rates the stock as ‘Outperform’.
In other news, CIRUZZI VINCENT, Chief Development Officer sold 6,998 shares of the company’s stock on Dec 15. The stock was sold for $1,055,001 at an average price of $150.76. Upon completion of the transaction, the Chief Development Officer now directly owns 39,806 shares in the company, valued at $5.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, President and CFO Shigenaga Dean A sold 9,000 shares of the business’s stock. A total of $1,372,590 was realized by selling the stock at an average price of $152.51. This leaves the insider owning 134,832 shares of the company worth $19.58 million. Insiders disposed of 175,394 shares of company stock worth roughly $25.47 million over the past 1 year. A total of 0.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARE stock. A new stake in Alexandria Real Estate Equities Inc. shares was purchased by RANGER GLOBAL REAL ESTATE ADVISORS, LLC during the first quarter worth $115,663,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $41,802,000 in shares of ARE during the first quarter. In the first quarter, ANCHOR CAPITAL ADVISORS LLC acquired a new stake in Alexandria Real Estate Equities Inc. valued at approximately $33,506,000. COVEA FINANCE acquired a new stake in ARE for approximately $20,406,000. ARTEMIS INVESTMENT MANAGEMENT LLP purchased a new stake in ARE valued at around $14,877,000 in the second quarter.
A candlestick chart of Alexandria Real Estate Equities Inc. (NYSE: ARE) showed a price of $143.51 on Thursday morning. During the past 12 months, Alexandria Real Estate Equities Inc. has had a low of $126.74 and a high of $224.95. The fifty day moving average price for ARE is $146.28 and a two-hundred day moving average price translates $158.51 for the stock.
The latest earnings results from Alexandria Real Estate Equities Inc. (NYSE: ARE) was released for Sep, 2022. According to the REIT – Office Company, earnings per share came in at $2.11, beating analysts’ expectations of $0.68 by 1.43. This compares to $0.67 EPS in the same period last year. The net profit margin was 12.50% and return on equity was 1.80% for ARE. The company reported revenue of $659.85 million for the quarter, compared to $547.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.46 percent. For the current quarter, analysts expect ARE to generate $507.42M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/13/2023. Investors who held shares on 12/30/2022 were paid a $1.21 dividend. On an annualized basis, this represents a $4.84 dividend and a 3.33% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, ARE is presently at 242.70%.
Alexandria Real Estate Equities Inc.(ARE) Company Profile
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
