The stock of Alexandria Real Estate Equities Inc. (NYSE:ARE) decreased by -$0.82 on Friday to finish at $115.34, down -0.71 percent. The last five days have seen an average of 619,480 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$30.33. The average number of shares traded over the last 20 days was 813,625, while the average volume over the last 50 days totaled 987,300.
ARE stock dropped -8.31% since last month. On 08/21/23, the company’s shares reached a one-month low of $113.10. 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 -20.82% or -$30.33 this year, reaching a new high 13 times. Still, the stock price is down -33.19% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
ARE stock investors should be aware that Alexandria Real Estate Equities Inc. (ARE) stock had its last reported insider trading activity 112 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 34.14. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.32, the price-to-book (PB) ratio of 1.05.
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 25 August, the RSI 9-day stood at 37.28%, suggesting the stock is Neutral, with a 20.23% historical volatility rate.
The stochastic %K and %D were 27.75% and 24.09% respectively, while the average true range (ATR) was 2.56. Based on the 14-day stochastic reading of 19.74%, the RSI (14) reading is 40.38%. On the 9-day MACD Oscillator, the stock is at 0.48, and the 14-day reading is at -1.64.
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. Analysts have assigned Alexandria Real Estate Equities Inc. (ARE) an Buy rating. ARE is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is ARE’s price target for the next 12 months?
The current consensus forecast for the stock is between $135.00 and $186.00, with a median target price of $155.00. In analyzing these forecasts, the average price target given by analysts for Alexandria Real Estate Equities Inc. (ARE) is $155.56.
