Alexandria Real Estate Equities Inc. (NYSE: ARE) is 1.44% higher on its value in year-to-date trading and has touched a low of $90.73 and a high of $135.45 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ARE stock was last observed hovering at around $126.16 in the last trading session, with the day’s gains setting it 2.43%.
Currently trading at $128.59, the stock is 3.80% and 5.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 1.93% at the moment leaves the stock 11.56% off its SMA200. ARE registered 5.00% gain for a year compared to 6-month gain of 14.74%. The firm has a 50-day simple moving average (SMA 50) of $11.64 and a 200-day simple moving average (SMA200) of $23.18.
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The stock witnessed a 5.91% loss in the last 1 month and extending the period to 3 months gives it a -0.73%, and is 4.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 2.30% over the month.
Alexandria Real Estate Equities Inc. (ARE) has around 568 employees, a market worth around $22.50B and $2.89B in sales. Current P/E ratio is 237.25 and Fwd P/E is 32.93. Profit margin for the company is 3.20%. Distance from 52-week low is 41.73% and -5.06% from its 52-week high. The company has generated returns on investments over the last 12 months (0.30%).
Alexandria Real Estate Equities Inc. quarterly earnings per share for the current quarter are estimated at $0.79 with sales reaching $762.32M over the same period.The EPS is expected to grow by 580.87% this year, but quarterly earnings will post 7.10% year-over-year. Quarterly sales are estimated to grow 10.80% in year-over-year returns.
981 institutions hold shares in Alexandria Real Estate Equities Inc. (ARE), with institutional investors hold 99.59% of the company’s shares. The shares outstanding are 174.94M, and float is at 172.65M with Short Float at 2.75%. Institutions hold 98.53% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 27.01 million shares valued at $3.07 billion. The investor’s holdings represent 15.61% of the ARE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.14 million shares valued at $1.95 billion to account for 9.91% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 15.63 million shares representing 9.03% and valued at over $2.28 billion, while State Street Corporation holds 6.15% of the shares totaling 10.64 million with a market value of $1.21 billion.
Alexandria Real Estate Equities Inc. (ARE) Insider Activity
The most recent transaction is an insider sale by Lee Orraparn C., the company’s EVP – Accounting. SEC filings show that Lee Orraparn C. sold 3,000 shares of the company’s common stock on Mar 13 ’24 at a price of $126.67 per share for a total of $0.38 million. Following the sale, the insider now owns 43146.0 shares.
Alexandria Real Estate Equities Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Moglia Peter M (Chief Executive Officer) sold a total of 3,200 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $122.90 per share for $0.39 million. Following the transaction, the insider now directly holds 0.25 million shares of the ARE stock.
Still, SEC filings show that on Feb 26 ’24, MARCUS JOEL S (Executive Chairman) disposed off 7,500 shares at an average price of $118.92 for $0.89 million. The insider now directly holds 429,538 shares of Alexandria Real Estate Equities Inc. (ARE).
