With 1.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.11 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $120.58 whereas the lowest price it dropped to was $116.315. The 52-week range on ARE shows that it touched its highest point at $135.45 and its lowest point at $90.73 during that stretch. It currently has a 1-year price target of $128.91. With its current market cap of 20.33 billion, ARE has annualized dividend of $5.14 while the current yield stands at 4.42%. Beta for the stock currently stands at 1.17.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ARE was down-trending over the past week, with a drop of -4.04%, but this was down by -6.37% over a month. Three-month performance dropped to -2.16% while six-month performance fell -0.81%. The stock gained 21.74% in the past year, while it has lost -8.22% so far this year. A look at the trailing 12-month EPS for ARE yields 1.64 with Next year EPS estimates of 3.56. For the next quarter, that number is 0.94. This implies an EPS growth rate of 466.78% for this year and 16.25% for next year. EPS is expected to grow by 3.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -31.25%.
Float and Shares Shorts:
At present, 174.76 million ARE shares are outstanding with a float of 172.71 million shares on hand for trading. On 2024-09-30, short shares totaled 3.39 million, which was 194.0 higher than short shares on 1724976000. In addition to Mr. Joel S. Marcus CPA, J.D. as the firm’s Founder & Executive Chairman, Mr. Peter M. Moglia serves as its CEO & Chief Investment Officer.
Institutional Ownership:
Through their ownership of 0.96018 of ARE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ARE reported revenue of $775744000.0 and operating income of $204536000.0. The EBITDA in the recently reported quarter was $514536000.0 and diluted EPS was $0.96.
