The stocks of ARE have been given a rating of buy by around nine investment analysts who have started covering the company. According to a report, one of the investment analysts has already prescribed a rating of hold, while seven others have given a rating of buy for the company. Currently, the price target has been set at $160.89 over the course of a year.
The Quarterly Earnings Of ARE
Robert W. Baird has increased the price rating of the company from neutral to outperform, along with a price target of $194 set on the stocks. This was then published in a 7th January research report.
The stocks of ARE traded on Thursday at $163.91. The debt-to-equity ratio of the company has been fixed at 0.63, while the current ratio is set at 0.31. The moving average price of the firm over 50 days is $168.51, while the moving average price of the firm over 200- days is $166.49. The market cap of the firm is $22.41 billion, with a 37.85 PE ratio, and a 4.39 PEG ratio The year low of the company is $109.22, while the year high has been set at $179.79.
The company had previously posted its quarterly earnings on the 1st of February. The EPS reported by the real estate firm was $3.26 for the quarter, which was significantly more than the consensus estimate of about $0.65. The company enjoyed a 4.79% return on its equity, with a 29.07% net margin.
Several hedge funds have already been informed about the changing status of their business holding for ARE. BlackRock Inc. has already increased the holdings of the company by about 7.1%. Now, BlackRock Inc. has possession of about 12,087,609 shares in the stocks of ARE.