Media headlines about Alexandria Real Estate Equities (NYSE:ARE) have been trending somewhat positive on Saturday, AlphaOne Sentiment Analysis reports. AlphaOne, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alexandria Real Estate Equities earned a daily sentiment score of 0.16 on AlphaOne’s scale. AlphaOne also assigned media coverage about the real estate investment trust an impact score of 50 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted AlphaOne Sentiment’s rankings:
- Alexandria Real Estate Equities Inc (ARE) COO Stephen Richardson Sells 7,500 Shares (americanbankingnews.com)
- Alexandria Real Estate Equities, Inc. : to Present at the UBS Global Healthcare Conference (4-traders.com)
- Alexandria Real Estate Equities, Inc. to Present at the UBS Global Healthcare Conference (finance.yahoo.com)
- Alexandria Real Estate Equities Inc. (ARE) Moves Lower on Volume Spike for May 16 (forextv.com)
Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $270.90 million for the quarter, compared to the consensus estimate of $261.67 million. Alexandria Real Estate Equities had a negative net margin of 8.78% and a negative return on equity of 0.78%. Alexandria Real Estate Equities’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share.
Several brokerages have weighed in on ARE. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Barclays PLC lifted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Evercore ISI upgraded shares of Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 target price for the company in a research report on Tuesday, March 21st. Finally, Mizuho restated a “buy” rating and issued a $125.00 target price on shares of Alexandria Real Estate Equities in a research report on Monday, March 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and an average target price of $118.88.
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In related news, Director James P. Cain sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $109.54, for a total value of $27,385.00. Following the sale, the director now directly owns 3,128 shares of the company’s stock, valued at $342,641.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Andrews sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $119.26, for a total transaction of $1,192,600.00. Following the completion of the sale, the executive vice president now directly owns 129,000 shares in the company, valued at $15,384,540. The disclosure for this sale can be found here. Insiders sold 78,424 shares of company stock worth $8,846,269 over the last ninety days. 1.60% of the stock is currently owned by insiders.
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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