Alexandria Real Estate Equities Inc. (NYSE: ARE) is -5.62% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ARE stock was last observed hovering at around $119.49 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $119.65, the stock is -2.27% and -2.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing 0.13% at the moment leaves the stock 3.11% off its SMA200. ARE registered -3.27% loss for a year compared to 6-month gain of 26.79%.
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The stock witnessed a -5.39% loss in the last 1 month and extending the period to 3 months gives it a -0.93%, and is 2.75% 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 2.78% over the week and 2.44% over the month.
Alexandria Real Estate Equities Inc. (ARE) has around 568 employees, a market worth around $20.92B and $2.95B in sales. Current P/E ratio is 111.62 and Fwd P/E is 33.17. Profit margin for the company is 6.23%. Distance from 52-week low is 31.87% and -11.66% from its 52-week high. The company has generated returns on investments over the last 12 months (0.59%).
The EPS is expected to grow by 528.81% this year
The shares outstanding are 174.88M, and float is at 172.68M with Short Float at 2.77%.
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).
