The stock of Alexandria Real Estate Equities Inc. (NYSE:ARE) increased by $0.43 on Friday to finish at $122.12, up 0.35 percent. The last five days have seen an average of 670,620 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$23.55. The average number of shares traded over the last 20 days was 944,320, while the average volume over the last 50 days totaled 1,014,098.
ARE stock appreciated 2.68% since last month. On 07/18/23, the company’s shares reached a one-month low of $116.08. The stock touched a high of $172.65 on 02/02/23, after rallying from a low of $108.81 in 52 weeks. The price of ARE stock has declined by -16.17% or -$23.55 this year, reaching a new high 13 times. Still, the stock price is down -29.27% from the 52-week high.
Insider Transactions
ARE stock investors should be aware that Alexandria Real Estate Equities Inc. (ARE) stock had its last reported insider trading activity 98 days ago on May 08. On May 08, Executive Chairman MARCUS JOEL S sold 7,500 shares at $122.20 each. This transaction resulted in the insider making $916,500. On Feb 07, MARCUS JOEL S sold 9,000 shares at a price of US$168.00. After the transaction, the insider now owns 388,729 shares. EVP – Regional Market Director Cunningham John H had earlier sold 7,800 shares on Feb 07 for $165.78 a share. The transaction was completed for $1,293,084.
Valuation Metrics
Alexandria Real Estate Equities Inc. (ARE) has a trailing price-to-earnings (P/E) ratio of 36.15. Beta for the stock is 0.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.67, the price-to-book (PB) ratio of 1.11.
Company paid $1.24 per share in dividends, an increase of 2.48% from $1.21 last year. A $0.03 dividend increase was reported on Monday June 5 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.59, and the total debt to equity ratio is 0.59. As far as profitability goes, gross margin for the trailing twelve months is 70.00% percent. Alexandria Real Estate Equities Inc.’s operating margin stood at 16.10% for the same period. Based on annual data, it had gross profit of $626.38 million and revenue of $2.59 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ARE’s return on assets (ROA) during the last 12 months has been 1.50%. There was a 1.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.00%.
Earnings Surprise
According to Alexandria Real Estate Equities Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $713.9 million, while revenues rose by 9.82% to $700.8 million. It was predicted that Alexandria Real Estate Equities Inc.’s quarterly earnings would be $0.51, but it ended up being $0.63, beating the consensus by -19.00%. EBITDA was $435.43 million for the quarter. At the end of Alexandria Real Estate Equities Inc.’s most recent quarter ended June 29, its total debt was $11.57 billion. Equity owned by shareholders amounts to $173.03 million.
Technical Picture
Here’s a quick look at Alexandria Real Estate Equities Inc.’s (ARE) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 49.83%, suggesting the stock is Neutral, with a 23.49% historical volatility rate.
The stochastic %K and %D were 25.93% and 31.82% respectively, while the average true range (ATR) was 3.04. Based on the 14-day stochastic reading of 26.31%, the RSI (14) reading is 52.11%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at -1.45.
Analyst Ratings
In its analyst report released on July 20, 2023, Jefferies began covering Alexandria Real Estate Equities Inc. (NYSE: ARE). The stock was rated as a Buy by the brokerage firm.
