24-Apr-2024
Buy Rating Affirmed on Alexandria Equities Amid Solid Performance and Positive Outlook
TipRanks (Wed, 24-Apr 2:45 AM ET)
Alexandria Equities (ARE) Receives a Buy from JMP Securities
TipRanks (Wed, 24-Apr 12:35 AM ET)
Alexandria Real Estate Equities Q1 results beat; 2024 guidance range narrowed
Seeking Alpha News (Mon, 22-Apr 4:32 PM ET)
Alexandria Real Estate Equities FFO of $2.35 beats by $0.02, revenue of $769.1M beats by $4.75M
Seeking Alpha News (Mon, 22-Apr 4:13 PM ET)
PRNewswire (Mon, 22-Apr 4:10 PM ET)
Notable earnings after Monday's close
Seeking Alpha News (Sun, 21-Apr 5:35 PM ET)
Alexandria Real Estate Equities Q1 2024 Earnings Preview
Seeking Alpha News (Sun, 21-Apr 5:35 PM ET)
Earnings week ahead: Tesla, Meta Platforms, Google, Microsoft, Intel, Exxon Mobil, and more
Seeking Alpha News (Sun, 21-Apr 8:00 AM ET)
Real estate stocks continue on downward trajectory as market's April pullback intensifies
Seeking Alpha News (Sat, 20-Apr 12:00 PM ET)
PRNewswire (Tue, 2-Apr 8:30 AM ET)
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.
Alexandria Real Estate Equities trades on the NYSE stock market under the symbol ARE.
As of April 24, 2024, ARE stock price climbed to $119.65 with 797,986 million shares trading.
ARE has a beta of 1.51, meaning it tends to be more sensitive to market movements. ARE has a correlation of 0.33 to the broad based SPY ETF.
ARE has a market cap of $20.93 billion. This is considered a Large Cap stock.
Last quarter Alexandria Real Estate Equities reported $769 million in Revenue and $2.35 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.03.
In the last 3 years, ARE stock traded as high as $224.95 and as low as $90.73.
The top ETF exchange traded funds that ARE belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.
ARE has underperformed the market in the last year with a price return of +0.2% while the SPY ETF gained +24.2%. ARE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.9% and -7.7%, respectively, while the SPY returned +4.6% and -2.7%, respectively.
ARE support price is $116.93 and resistance is $122.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARE stock will trade within this expected range on the day.