Alexandria Real Estate Equities Inc. [NYSE: ARE] closed the trading session at $158.64 on 11/04/20. The day’s price range saw the stock hit a low of $156.11, while the highest price level was $160.10. The company report on October 27, 2020 that Alexandria Real Estate Equities, Inc. Reports: 3Q20 Net Income per Share – Diluted of $0.63; 3Q20 FFO per Share – Diluted, As Adjusted, of $1.83; and Operational Excellence and Strong and Flexible Balance Sheet With Significant Liquidity.
Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced financial and operating results for the third quarter ended September 30, 2020.
The stocks have a year to date performance of -1.82 percent and weekly performance of 4.25 percent. The stock has been moved at 4.72 percent over the last six months. The stock has performed -3.91 percent around the most recent 30 days and changed -9.03 percent over the most recent 3-months.
If compared to the average trading volume of 743.88K shares, ARE reached to a volume of 1124859 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Alexandria Real Estate Equities Inc. [ARE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ARE shares is $184.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ARE stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Berenberg have made an estimate for Alexandria Real Estate Equities Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 02, 2020. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Outperform. The new note on the price target was released on June 08, 2020, representing the official price target for Alexandria Real Estate Equities Inc. stock. Previously, the target price had yet another raise to $190, while Mizuho analysts kept a Buy rating on ARE stock. On December 18, 2019, analysts increased their price target for ARE shares from 147 to 169.
The Average True Range (ATR) for Alexandria Real Estate Equities Inc. is set at 3.25, with the Price to Sales ratio for ARE stock in the period of the last 12 months amounting to 11.70. The Price to Book ratio for the last quarter was 1.85, with the Price to Cash per share for the same quarter was set at 3.31.
ARE stock trade performance evaluation
Alexandria Real Estate Equities Inc. [ARE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.25. With this latest performance, ARE shares dropped by -3.91% in over the last four-week period, additionally plugging by 4.72% over the last 6 months – not to mention a rise of 2.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ARE stock in for the last two-week period is set at 49.49, with the RSI for the last a single of trading hit 53.74, and the three-weeks RSI is set at 47.48 for Alexandria Real Estate Equities Inc. [ARE]. The present Moving Average for the last 50 days of trading for this stock 161.74, while it was recorded at 154.47 for the last single week of trading, and 158.92 for the last 200 days.
Alexandria Real Estate Equities Inc. [ARE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Alexandria Real Estate Equities Inc. [ARE] shares currently have an operating margin of +29.57 and a Gross Margin at +37.35. Alexandria Real Estate Equities Inc.’s Net Margin is presently recorded at +23.28.
Return on Total Capital for ARE is now 2.96, given the latest momentum, and Return on Invested Capital for the company is 2.49. Return on Equity for this stock inclined to 4.40, with Return on Assets sitting at 2.17. When it comes to the capital structure of this company, Alexandria Real Estate Equities Inc. [ARE] has a Total Debt to Total Equity ratio set at 79.51. Additionally, ARE Total Debt to Total Capital is recorded at 44.29, with Total Debt to Total Assets ending up at 38.33. Long-Term Debt to Equity for the company is recorded at 79.27, with the Long-Term Debt to Total Capital now at 44.16.
Reflecting on the efficiency of the workforce at the company, Alexandria Real Estate Equities Inc. [ARE] managed to generate an average of $812,708 per employee. Receivables Turnover for the company is 142.91 with a Total Asset Turnover recorded at a value of 0.09.
Earnings per share (EPS) analysis for Alexandria Real Estate Equities Inc. [ARE] stock
With the latest financial reports released by the company, Alexandria Real Estate Equities Inc. posted 1.74/share EPS, while the average EPS was predicted by analysts to be reported at 0.59/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 194.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ARE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alexandria Real Estate Equities Inc. go to 0.10%.
Alexandria Real Estate Equities Inc. [ARE]: Insider Ownership positions
There are presently around $19,626 million, or 93.40% of ARE stock, in the hands of institutional investors. The top three institutional holders of ARE stocks are: VANGUARD GROUP INC with ownership of 20,193,034, which is approximately 4.25% of the company’s market cap and around 1.10% of the total institutional ownership; BLACKROCK INC., holding 12,544,938 shares of the stock with an approximate value of $1.99 billion in ARE stocks shares; and STATE STREET CORP, currently with $1.25 billion in ARE stock with ownership of nearly 20.476% of the company’s market capitalization.
Positions in Alexandria Real Estate Equities Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 265 institutional holders increased their position in Alexandria Real Estate Equities Inc. [NYSE:ARE] by around 11,889,363 shares. Additionally, 244 investors decreased positions by around 9,042,477 shares, while 60 investors held positions by with 102,783,522 shares. The mentioned changes placed institutional holdings at 123,715,362 shares, according to the latest SEC report filing. ARE stock had 79 new institutional investments in for a total of 1,529,945 shares, while 59 institutional investors sold positions of 1,293,661 shares during the same period.