Alexandria Real Estate Equities Inc. (NYSE: ARE) has a higher price-to-earnings ratio of 152.78x compared to its average ratio. ARE has 36-month beta value of 1.16. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for ARE is 172.89M, and currently, short sellers hold a 1.43% ratio of that float. The average trading volume of ARE on September 19, 2024 was 918.44K shares.
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ARE) stock’s latest price update
The stock price of Alexandria Real Estate Equities Inc. (NYSE: ARE) has plunged by -0.12 when compared to previous closing price of 124.01, but the company has seen a 2.72% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-16 that Keeping up with its capital-recycling strategy, Alexandria announces the completion of the sale of 1165 Eastlake Avenue East for $150 million.
ARE’s Market Performance
Alexandria Real Estate Equities Inc. (ARE) has seen a 2.72% rise in stock performance for the week, with a 7.13% gain in the past month and a 7.08% surge in the past quarter. The volatility ratio for the week is 2.17%, and the volatility levels for the past 30 days are at 2.13% for ARE. The simple moving average for the last 20 days is 3.55% for ARE stock, with a simple moving average of 2.52% for the last 200 days.
Analysts’ Opinion of ARE
Many brokerage firms have already submitted their reports for ARE stocks, with Citigroup repeating the rating for ARE by listing it as a “Neutral.” The predicted price for ARE in the upcoming period, according to Citigroup is $125 based on the research report published on September 13, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ARE reach a price target of $127, previously predicting the price at $136. The rating they have provided for ARE stocks is “Hold” according to the report published on August 02nd, 2024.
BofA Securities gave a rating of “Neutral” to ARE, setting the target price at $126 in the report published on July 29th of the current year.
ARE Trading at 4.23% from the 50-Day Moving Average
After a stumble in the market that brought ARE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.55% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares surge +7.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.74% upper at present.
During the last 5 trading sessions, ARE rose by +2.72%, which changed the moving average for the period of 200-days by +13.22% in comparison to the 20-day moving average, which settled at $120.06. In addition, Alexandria Real Estate Equities Inc. saw -2.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ARE starting from Cain James P, who sale 340 shares at the price of $124.87 back on Sep 16 ’24. After this action, Cain James P now owns 7,032 shares of Alexandria Real Estate Equities Inc., valued at $42,456 using the latest closing price.
CIRUZZI VINCENT, the Chief Development Officer of Alexandria Real Estate Equities Inc., sale 6,941 shares at $123.29 during a trade that took place back on Sep 13 ’24, which means that CIRUZZI VINCENT is holding 83,379 shares at $855,756 based on the most recent closing price.
Stock Fundamentals for ARE
Current profitability levels for the company are sitting at:
- 0.45 for the present operating margin
- 0.26 for the gross margin
The net margin for Alexandria Real Estate Equities Inc. stands at 0.21. The total capital return value is set at 0.04. Equity return is now at value 0.75, with 0.38 for asset returns.
Based on Alexandria Real Estate Equities Inc. (ARE), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 10.45.
Currently, EBITDA for the company is 2.18 billion with net debt to EBITDA at 5.67. When we switch over and look at the enterprise to sales, we see a ratio of 11.36. The receivables turnover for the company is 126.35for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To put it simply, Alexandria Real Estate Equities Inc. (ARE) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
