Alexandria Real Estate Equities Inc (NYSE: ARE) is -17.72% lower on its value in year-to-date trading and has touched a low of $102.24 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 $104.49 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $104.31, the stock is -5.76% and -10.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -0.17% at the moment leaves the stock -12.21% off its SMA200. ARE registered -0.16% loss for a year compared to 6-month loss of -15.04%. The firm has a 50-day simple moving average (SMA 50) of $116.2154 and a 200-day simple moving average (SMA200) of $118.8148.
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The stock witnessed a -11.58% gain in the last 1 month and extending the period to 3 months gives it a -11.87%, and is -4.33% down 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 1.65% over the week and 2.31% over the month.
Alexandria Real Estate Equities Inc (ARE) has around 568 employees, a market worth around $18.23B and $3.08B in sales. Current P/E ratio is 63.61 and Fwd P/E is 31.15. Profit margin for the company is 9.16%. Distance from 52-week low is 2.02% and -22.99% from its 52-week high. The company has generated returns on investments over the last 12 months (0.89%).
The EPS is expected to grow by 471.48% this year
991.0 institutions hold shares in Alexandria Real Estate Equities Inc (ARE), with institutional investors hold 95.46% of the company’s shares. The shares outstanding are 174.76M, and float is at 172.71M with Short Float at 1.77%. Institutions hold 94.56% 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 Cain James P, the company’s Director. SEC filings show that Cain James P sold 340 shares of the company’s common stock on Sep 16 ’24 at a price of $124.87 per share for a total of $42456.0. Following the sale, the insider now owns 7032.0 shares.
Alexandria Real Estate Equities Inc disclosed in a document filed with the SEC on Sep 13 ’24 that CIRUZZI VINCENT (Chief Development Officer) sold a total of 6,941 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $123.29 per share for $0.86 million. Following the transaction, the insider now directly holds 83379.0 shares of the ARE stock.
Still, SEC filings show that on Sep 13 ’24, CIRUZZI VINCENT (Officer) Proposed Sale 6,941 shares at an average price of $123.29 for $0.86 million. The insider now directly holds shares of Alexandria Real Estate Equities Inc (ARE).
