Alexandria Real Estate Equities Inc. (NYSE: ARE) closed the day trading at $114.36 down -3.18% from the previous closing price of $118.11. In other words, the price has decreased by -$3.75 from its previous closing price. On the day, 757813 shares were traded. ARE stock price reached its highest trading level at $118.10 during the session, while it also had its lowest trading level at $114.26.
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For a better understanding of ARE, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.61.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 08 when MARCUS JOEL S sold 7,500 shares for $122.20 per share. The transaction valued at 916,500 led to the insider holds 351,354 shares of the business.
MARCUS JOEL S sold 9,000 shares of ARE for $1,512,000 on Feb 07. The Executive Chairman now owns 388,729 shares after completing the transaction at $168.00 per share. On Feb 07, another insider, Cunningham John H, who serves as the EVP – Regional Market Director of the company, sold 7,800 shares for $165.78 each. As a result, the insider received 1,293,084 and left with 62,586 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ARE now has a Market Capitalization of 21.20B and an Enterprise Value of 30.94B. As of this moment, Alexandria’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.12, and their Forward P/E ratio for the next fiscal year is 30.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.47 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 11.57 whereas that against EBITDA is 15.35.
Stock Price History:
Over the past 52 weeks, ARE has reached a high of $172.65, while it has fallen to a 52-week low of $114.92. The 50-Day Moving Average of the stock is 121.37, while the 200-Day Moving Average is calculated to be 142.93.
Over the past 3-months, ARE traded about 1.22M shares per day on average, while over the past 10 days, ARE traded about 832.6k shares per day. A total of 170.78M shares are outstanding, with a floating share count of 162.65M. Insiders hold about 0.90% of the company’s shares, while institutions hold 95.76% stake in the company. Shares short for ARE as of Apr 27, 2023 were 2.85M with a Short Ratio of 2.85M, compared to 3.7M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.65% and a Short% of Float of 1.96%.
Dividends & Splits
ARE’s forward annual dividend rate is 4.84, up from 4.78 a year ago. Against a Trailing Annual Dividend Yield of 4.05%, it implies a Forward Annual Dividend Yield of 4.11%. The stock’s 5-year Average Dividend Yield is 2.69. The current Payout Ratio is 152.56% for ARE, which recently paid a dividend on Apr 13, 2023 with an ex-dividend date of Mar 29, 2023. Stock splits for the company last occurred on Apr 23, 2006 when the company split stock in a 1:1 ratio.
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of $0.89 for the current quarter, with a high estimate of $0.91 and a low estimate of $0.87, while EPS last year was $1.67. The consensus estimate for the next quarter is $0.88, with high estimates of $0.98 and low estimates of $0.76.
Analysts are recommending an EPS of between $3.74 and $3.41 for the fiscal current year, implying an average EPS of $3.55. EPS for the following year is $3.78, with 3 analysts recommending between $4.75 and $2.9.
2 analysts predict $679.11M in revenue for the current quarter. It ranges from a high estimate of $694.91M to a low estimate of $663.31M. As of the current estimate, Alexandria Real Estate Equities Inc.’s year-ago sales were $485.07M, an estimated increase of 40.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $690.62M, an increase of 39.40% less than the figure of $40.00% in the same quarter last year. There is a high estimate of $701.74M for the next quarter, whereas the lowest estimate is $679.5M.
A total of 3 analysts have provided revenue estimates for ARE’s current fiscal year. The highest revenue estimate was $2.81B, while the lowest revenue estimate was $2.01B, resulting in an average revenue estimate of $2.52B. In the same quarter a year ago, actual revenue was $2.58B, down -2.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $2.72B in the next fiscal year. The high estimate is $3.05B and the low estimate is $2.22B. The average revenue growth estimate for next year is up 8.00% from the average revenue estimate for this year.