Equities research analysts expect that Alexandria Real Estate Equities Inc (NYSE:ARE) will announce earnings of $1.78 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Alexandria Real Estate Equities’ earnings. Alexandria Real Estate Equities reported earnings per share of $1.68 in the same quarter last year, which would indicate a positive year over year growth rate of 6%. The company is expected to issue its next earnings report after the market closes on Monday, February 3rd.
According to Zacks, analysts expect that Alexandria Real Estate Equities will report full year earnings of $6.97 per share for the current financial year. For the next financial year, analysts anticipate that the company will report earnings of $7.35 per share, with EPS estimates ranging from $7.30 to $7.40. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Alexandria Real Estate Equities.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of $1.75 by ($2.19). The business had revenue of $390.50 million for the quarter, compared to analysts’ expectations of $389.99 million. Alexandria Real Estate Equities had a return on equity of 1.63% and a net margin of 9.29%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 earnings per share.
A number of research firms have recently weighed in on ARE. Robert W. Baird set a $152.00 price target on Alexandria Real Estate Equities and gave the stock a “hold” rating in a report on Wednesday, August 21st. DA Davidson increased their target price on Alexandria Real Estate Equities to $166.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Barclays set a $153.00 target price on Alexandria Real Estate Equities and gave the stock a “hold” rating in a research note on Friday, October 11th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Alexandria Real Estate Equities currently has an average rating of “Hold” and a consensus target price of $113.80.
Shares of NYSE ARE traded down $0.38 during mid-day trading on Friday, reaching $156.47. 696,648 shares of the company’s stock were exchanged, compared to its average volume of 602,605. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 4.76 and a beta of 0.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.37. Alexandria Real Estate Equities has a 52-week low of $109.04 and a 52-week high of $163.51. The company’s 50-day moving average is $158.89 and its 200-day moving average is $151.21.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $1.03 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, December 30th. This represents a $4.12 annualized dividend and a yield of 2.63%. Alexandria Real Estate Equities’s dividend payout ratio is presently 60.61%.
In related news, Chairman Joel S. Marcus sold 7,500 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.49, for a total transaction of $1,158,675.00. Following the transaction, the chairman now owns 438,462 shares of the company’s stock, valued at approximately $67,737,994.38. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.43% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $30,000. CSat Investment Advisory L.P. raised its position in Alexandria Real Estate Equities by 65.9% in the 2nd quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 89 shares in the last quarter. Meeder Asset Management Inc. raised its position in Alexandria Real Estate Equities by 883.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 265 shares in the last quarter. Signaturefd LLC raised its position in Alexandria Real Estate Equities by 19.2% in the 2nd quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 87 shares in the last quarter. Finally, SRS Capital Advisors Inc. acquired a new stake in Alexandria Real Estate Equities in the 2nd quarter valued at about $95,000. 98.68% of the stock is currently owned by hedge funds and other institutional investors.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.
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