Alexandria Real Estate Equities Inc (NYSE:ARE) price on Friday, February 07, fall -0.68% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $95.96.
A look at the stock’s price movement, the close in the last trading session was $96.62, moving within a range at $95.15 and $96.865. The beta value (5-Year monthly) was 1.176 while the PE ratio in trailing twelve months stood at 53.30. Turning to its 52-week performance, $130.14 and $93.80 were the 52-week high and 52-week low respectively. Overall, ARE moved -1.44% over the past month.
Alexandria Real Estate Equities Inc’s market cap currently stands at around $16.61 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 5.19, with its dividend yield at 5.41%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 760.27M for the company’s revenue for the quarter, with a low and high estimate of 733.18M and 782.47M respectively. The average forecast suggests down to a -1.15% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.13B, representing a 0.58% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ARE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend ARE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ARE’s current price about -2.25% and -4.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.56, while 7-day volatility ratio is 2.14% and 2.50% in the 30-day chart. Further, Alexandria Real Estate Equities Inc (ARE) has a beta value of 1.20, and an average true range (ATR) of 2.51. Analysts have given the company’s stock an average 52-week price target of $115, forecast between a low of $105 and high of $125. Looking at the price targets, the low is -9.42% off current price level while to achieve the yearly target high, price needs to move -30.26%. Nonetheless, investors will most likely welcome a -19.84% jump to $115 which is the analysts’ median price.
If we refocus on Alexandria Real Estate Equities Inc (NYSE:ARE), historical trading data shows that trading volumes averaged 1.73 over the past 10 days and 1.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 172.20 million shares.
The 1.26% of Alexandria Real Estate Equities Inc’s shares are in the hands of company insiders while institutional holders own 90.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.09 million on 2024-12-31, giving us a short ratio of 2.23. The data shows that as of 2024-12-31 short interest in Alexandria Real Estate Equities Inc (ARE) stood at 212.0 of shares outstanding, with shares short rising to 2.93 million registered in 2024-11-29. Current price change has pushed the stock -1.63% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ARE stock continues to rise going into the next quarter.
