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Alexandria Real Estate Equities Inc. (NYSE: ARE) closed the day trading at $117.82 down -1.08% from the previous closing price of $119.11. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 1.08 million shares were traded. ARE stock price reached its highest trading level at $118.6455 during the session, while it also had its lowest trading level at $116.92.
Ratios:
For a better understanding of ARE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.89. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.72.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on August 02, 2024, Downgraded its rating to Hold and sets its target price to $127 from $136 previously.
On July 29, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $151 to $126.
Evercore ISI Downgraded its Outperform to In-line on July 25, 2024, whereas the target price for the stock was revised from $133 to $126.
Insider Transactions:
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 Jun 05 ’24 when ALEXANDRIA REAL ESTATE EQUITIE sold 150,000 shares for $4.24 per share. The transaction valued at 636,000 led to the insider holds 5,855,077 shares of the business.
ALEXANDRIA REAL ESTATE EQUITIE sold 150,000 shares of ARE for $631,500 on Jun 04 ’24. The 10% Owner now owns 6,005,077 shares after completing the transaction at $4.21 per share. On Mar 13 ’24, another insider, Lee Orraparn C., who serves as the EVP – Accounting of the company, sold 3,000 shares for $126.67 each. As a result, the insider received 380,010 and left with 43,146 shares of the company.
Valuation Measures:
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 20609781760 and an Enterprise Value of 37260292096. As of this moment, Alexandria’s Price-to-Earnings (P/E) ratio for their current fiscal year is 145.33, and their Forward P/E ratio for the next fiscal year is 33.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.85 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 12.388 whereas that against EBITDA is 20.305.
Stock Price History:
Over the past 52 weeks, ARE has reached a high of $135.45, while it has fallen to a 52-week low of $90.73. The 50-Day Moving Average of the stock is -0.07%, while the 200-Day Moving Average is calculated to be -1.61%.
Shares Statistics:
Over the past 3-months, ARE traded about 902.52K shares per day on average, while over the past 10 days, ARE traded about 833450 shares per day. A total of 174.93M shares are outstanding, with a floating share count of 172.89M. Insiders hold about 1.16% of the company’s shares, while institutions hold 96.01% stake in the company. Shares short for ARE as of 1723680000 were 2527792 with a Short Ratio of 2.80, compared to 1721001600 on 3996770. Therefore, it implies a Short% of Shares Outstanding of 2527792 and a Short% of Float of 1.73.
Dividends & Splits
ARE’s forward annual dividend rate is 5.08, up from 5.08 a year ago. Against a Trailing Annual Dividend Yield of 0.04264965The stock’s 5-year Average Dividend Yield is 3.05.
Earnings Estimates
Investors are keenly observing as 4.0 analysts analyze and rate the current performance of Alexandria Real Estate Equities Inc. (ARE) in the stock market.The consensus estimate for the next quarter is $0.9, with high estimates of $0.94 and low estimates of $0.87.
Analysts are recommending an EPS of between $3.04 and $2.96 for the fiscal current year, implying an average EPS of $3.0. EPS for the following year is $3.56, with 4.0 analysts recommending between $3.76 and $3.35.
Revenue Estimates
6 analysts predict $768.74M in revenue for the current quarter. It ranges from a high estimate of $774.29M to a low estimate of $758.03M. As of the current estimate, Alexandria Real Estate Equities Inc.’s year-ago sales were $721.98MFor the next quarter, 6 analysts are estimating revenue of $773.03M. There is a high estimate of $780.5M for the next quarter, whereas the lowest estimate is $764.88M.
A total of 6 analysts have provided revenue estimates for ARE’s current fiscal year. The highest revenue estimate was $3.09B, while the lowest revenue estimate was $3.06B, resulting in an average revenue estimate of $3.07B. In the same quarter a year ago, actual revenue was $2.89BBased on 6 analysts’ estimates, the company’s revenue will be $3.21B in the next fiscal year. The high estimate is $3.31B and the low estimate is $3.12B.
