As of Thursday close, Alexandria Real Estate Equities Inc.’s (NYSE:ARE) stock was down -$9.31, moving down -8.29 percent to $102.93. The average number of shares traded per day over the past five days has been 1,342,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$11.20 fall in that time frame. In the last twenty days, the average volume was 947,445, while in the previous 50 days, it was 902,562.
Since last month, ARE stock retreated -10.04%. Shares of the company fell to $102.88 on 09/21/23, the lowest level in the past month. A 52-week high of $172.65 was reached on 02/02/23 after having rallying from a 52-week low of $108.81. Since the beginning of this year, ARE’s stock price has dropped by -29.34% or -$42.74, and marked a new high 13 times. However, the stock has declined by -40.38% since its 52-week high.
ARE stock investors should be aware that Alexandria Real Estate Equities Inc. (ARE) stock had its last reported insider trading activity 137 days ago on May 08. MARCUS JOEL S, the Executive Chairman of the company, disposed of 7,500 shares for $122.20 on May 08. It resulted in a $916,500 divestment by the insider. MARCUS JOEL S sold 9,000 shares at an average price of $168.00 on Feb 07. The insider now owns 388,729 shares following the transaction. On Feb 07, EVP – Regional Market Director Cunningham John H sold 7,800 shares at $165.78 apiece. The transaction was valued at $1,293,084.
Valuation Metrics
Right now, Alexandria Real Estate Equities Inc. (ARE) has a P/E ratio of about 30.47. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 6.51, the price-to-book (PB) ratio of 0.94.
The latest dividend of $1.24 per share was paid out, remained unchanged from last year’s $1.24.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.59, and the total debt-to-equity ratio was 0.59. On the profitability front, the trailing twelve-month gross margin is 70.00% percent. In the year ended June 29, operating margins totaled 16.10%. Based on annual data, ARE earned $626.38 million in gross profit and brought in $2.59 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.90%. Return on equity (ROE) for the past 12 months was 3.00%.
In Alexandria Real Estate Equities Inc.’s quarter-end financial report for June 29, it reported total debt of $91.94 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ARE’s revenue rose 9.82% to $700.8 million during the quarter, while net income inched up to $713.9 million. While analysts expected Alexandria Real Estate Equities Inc. to report $0.63 quarterly earnings, the actual figure was $0.51 per share, beating the consensus estimate by -19.00%. During the quarter, the company generated $435.43 million in EBITDA. The value of shareholders’ equity is $173.03 million.
Technical Picture
This quick technical analysis looks at Alexandria Real Estate Equities Inc.’s (ARE) price momentum. With a historical volatility rate of 45.56%, the RSI 9-day stood at 18.83% on 21 September.
With respect to its five-day moving average, the current Alexandria Real Estate Equities Inc. price is down by -9.81% percent or -$11.20. At present, ARE shares trade -12.24% below its 20-day simple moving average and -17.11% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.59% below its SMA50 and -32.87% below its SMA200.
Stochastic coefficient K was 15.53% and Stochastic coefficient D was 23.49%, while ATR was 3.05. Given the Stochastic reading of 0.34% for the 14-day period, the RSI (14) reading has been calculated as 24.35%. As of today, the MACD Oscillator reading stands at -2.39, while the 14-day reading stands at -4.08.
Analyst Ratings
Jefferies launched its rating on Alexandria Real Estate Equities Inc. (NYSE: ARE) to a Buy in a note to investors on July 20, 2023. Alexandria Real Estate Equities Inc. (ARE) has been rated Buy by analysts. According to 0 brokerage firms, ARE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Alexandria Real Estate Equities Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $150.00, the current consensus forecast for the stock is $132.00 – $186.00. Based on these forecasts, analysts predict Alexandria Real Estate Equities Inc. (ARE) will achieve an average price target of $152.40.
