Alexandria Real Estate Equities (ARE) : The value of composite uptick trades was $13.71 million, whereas, the value of composite downtick trades was $23.36 million. The uptick to downtick ratio stood at 0.59 with a negative money flow of ($9.65) Million during Wednesdays trading session. The block trades money flow was negative ($10.53 million).The uptick to the downtick ratio of 0.2 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $2.63 million. The transaction of the trades on downticks amounted to $13.16 million, which confirms investors selling on the strength of price. Alexandria Real Estate Equities (ARE) gained 139 cents at $106.31, an increase of 1.32% over the previous days close.
Also, Equity Analysts at the Citigroup maintains the rating on Alexandria Real Estate Equities (NYSE:ARE). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $92 per share to $106 per share. The rating by the firm was issued on July 7, 2016.
Alexandria Real Estate Equities (NYSE:ARE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $105.25 and $104.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.31, notching a gain of 1.32% for the day. The total traded volume was 604,644 . The stock had closed at $104.92 on the previous day.
The stock has recorded a 20-day Moving Average of 4.12% and the 50-Day Moving Average is 8.08%. In a related news, Moglia Peter M, officer (Chief Investment Officer) of Alexandria Real Estate Equities Inc, unloaded 4,000 shares at an average price of $96.9 on June 7, 2016. The total amount of the transaction was worth $387,600, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Alexandria Real Estate Equities, Inc. is a self-administered and self-managed real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and tech office space for lease to the science and technology industries. The Company has five properties in Canada, as well as eight operating properties, one development project, and several land parcels in Asia. As of December 31, 2014, the Company had 193 properties containing approximately 18.7 million rentable square feet (RSF) of office/laboratory and tech office space. As of December 31, 2014, the Company had 562 leases with a total of 441 client tenants and 87 of its 193 properties were single-tenant properties. The Companys portfolio includes Alexandria Center at Kendall Square; Alexandria Park at 128; Alexandria Technology Center-Gateway; Alexandria Center for Life Science; ARE Nautilus; ARE Towne Centre; ARE Portola, and Alexandria Technology Center-Gaithersburg I, among others.