| Over a week ago | ||||
Notable profits for the… Notable profits for the buyer who lifted the $8.00 offer for 2,000 Alexandria Real Estate (ARE) Oct-23 150 calls yesterday at 15:21ET when underlying shares were trading at $144.51. Shares closed at $143.83, and the calls at $9.86 for a mark-to-market profit of 23%, or $373K, on the $1600K outlay. | ||||
| Over a month ago | ||||
Mizuho analyst Vikram… Mizuho analyst Vikram Malhotra raised the firm's price target on Alexandria Real Estate Equities to $180 from $178 and keeps a Buy rating on the shares. The analyst has higher confidence in the company's fiscal 2023 trajectory and reiterates the stock as a top pick for fiscal 2023 post the Q4 results. | ||||
In a regulatory filing,… In a regulatory filing, Alexandria Real Estate Equities EVP of accounting Orraparn Lee disclosed the sale of 4,800 common shares of the company on February 6 at a price of $167.11 per share. | ||||
Baird analyst David… Baird analyst David Rodgers raised the firm's price target on Alexandria Real Estate to $174 from $162 and keeps an Outperform rating on the shares. The analyst said the stock price weakness over the past year given slower demand, reduced VC funding and new supply concerns appears to have stabilized with the operating outlook while a pullback in debt costs has likely improved valuations on the margin. These factors are reflected in our outlook, and we expect the stock to continue to react positively. | ||||
Sees FY23 Same property… Sees FY23 Same property performance on net operating income increase 2.0%-4.0%; or net operating income increase on a cash basis 4.0%-6.0%. Sees occupancy percentage in North America as of December 31 94.8%-95.8%. The company said, "The following guidance is based on our current view of existing market conditions and assumptions for the year ending December 31, 2023 and is consistent with the guidance issued on our Form 8-K filed on November 30, 2022, except for an update to "excess 2022 bond capital held as cash at December 31, 2022," which reflects the actual amount of $300M as of December 31, 2022, compared to the prior guidance range from $200M-$300M." | ||||
Reports same property net… Reports same property net operating income growth: 4.7% for Q4, representing the third-highest growth in Company history; 6.6% for 2022 over 2021, with both increases representing the highest growth in Company history. FY22 same property growth outperformed our 10-year averages of 3.6% and 6.7% (cash basis) as a result of an increase in same property occupancy of 100 bps and early lease renewals that commenced in late 2021/early 2022. | ||||
Reports Q4 revenue… Reports Q4 revenue $670.3M vs. $576.9M a year ago. | ||||
BTIG analyst Thomas… BTIG analyst Thomas Catherwood names Alexandria Real Estate (ARE) as his BTIG Top Pick for first half of 2023, replacing Terreno Realty (TRNO) on that list. The company is the industry leader providing real estate solutions to the life science industry and the accelerating pace of discovery, development, and approval for novel drugs and therapeutics continues to drive robust capital formation in the group, the analyst tells investors in a research note. Catherwood has a Buy rating and a $186 price target on the stock. | ||||
| Over a quarter ago | ||||
The dividend is payable… The dividend is payable on January 13, 2023, to shareholders of record on December 30, 2022. | ||||
Baird analyst David… Baird analyst David Rodgers raised the firm's price target on Alexandria Real Estate to $162 from $151 and keeps an Outperform rating on the shares. The analyst said they delivered an upbeat investor day message highlighting the resiliency of its business and the strength of its tenant base in driving recurring demand. | ||||
