Alexandria Real Estate Equities Inc. (NYSE: ARE) is -6.04% 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 $120.56 in the last trading session, with the day’s loss setting it -1.45%.
Currently trading at $119.11, the stock is 3.19% and 1.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing -1.20% at the moment leaves the stock -0.44% off its SMA200. ARE registered 3.04% gain for a year compared to 6-month loss of -1.89%.
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The stock witnessed a 0.08% gain in the last 1 month and extending the period to 3 months gives it a 3.35%, and is 2.85% 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 2.27% over the week and 2.45% over the month.
Alexandria Real Estate Equities Inc. (ARE) has around 568 employees, a market worth around $20.84B and $3.01B in sales. Current P/E ratio is 146.92 and Fwd P/E is 33.49. Profit margin for the company is 4.65%. Distance from 52-week low is 31.28% and -12.06% from its 52-week high. The company has generated returns on investments over the last 12 months (0.45%).
The EPS is expected to grow by 456.33% this year
1014.0 institutions hold shares in Alexandria Real Estate Equities Inc. (ARE), with institutional investors hold 96.41% of the company’s shares. The shares outstanding are 174.93M, and float is at 172.89M with Short Float at 1.46%. Institutions hold 95.51% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 26.09 million shares valued at $3.05 billion. The investor’s holdings represent 15.1742 of the ARE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.0 million shares valued at $1.99 billion to account for 9.8846 of the shares outstanding. The other top investors are NORGES BANK which holds 16.46 million shares representing 9.5711 and valued at over $1.93 billion, while STATE STREET CORP holds 6.0903 of the shares totaling 10.47 million with a market value of $1.24 billion.
Alexandria Real Estate Equities Inc. (ARE) Insider Activity
The most recent transaction is an insider sale by ALEXANDRIA REAL ESTATE EQUITIE, the company’s 10% Owner. SEC filings show that ALEXANDRIA REAL ESTATE EQUITIE sold 150,000 shares of the company’s common stock on Jun 05 ’24 at a price of $4.24 per share for a total of $0.64 million. Following the sale, the insider now owns 5.86 million shares.
Alexandria Real Estate Equities Inc. disclosed in a document filed with the SEC on Jun 04 ’24 that ALEXANDRIA REAL ESTATE EQUITIE (10% Owner) sold a total of 150,000 shares of the company’s common stock. The trade occurred on Jun 04 ’24 and was made at $4.21 per share for $0.63 million. Following the transaction, the insider now directly holds 6.01 million shares of the ARE stock.
Still, SEC filings show that on Mar 13 ’24, Lee Orraparn C. (EVP – Accounting) disposed off 3,000 shares at an average price of $126.67 for $0.38 million. The insider now directly holds 43,146 shares of Alexandria Real Estate Equities Inc. (ARE).
