Zacks: Analysts Anticipate Alexandria Real Estate Equities, Inc. (NYSE:ARE) Will Post Earnings of $2.07 Per Share

Equities analysts expect Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) to post earnings per share of $2.07 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Alexandria Real Estate Equities’ earnings. Alexandria Real Estate Equities posted earnings of $1.93 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Alexandria Real Estate Equities will report full year earnings of $8.40 per share for the current fiscal year, with EPS estimates ranging from $8.38 to $8.41. For the next year, analysts expect that the company will report earnings of $9.17 per share, with EPS estimates ranging from $9.16 to $9.17. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that follow Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its earnings results on Monday, April 25th. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($1.71). Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The business had revenue of $615.10 million during the quarter, compared to analyst estimates of $595.35 million. During the same period in the previous year, the company earned $1.91 earnings per share. The business’s revenue for the quarter was up 28.2% on a year-over-year basis.

Several equities research analysts recently issued reports on ARE shares. The Street lowered Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11th. Mizuho upped their price target on Alexandria Real Estate Equities from $200.00 to $219.00 in a research report on Thursday, January 20th. Finally, StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $180.80.

ARE stock opened at $176.68 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51. The firm has a market cap of $28.84 billion, a P/E ratio of 63.33, a P/E/G ratio of 2.84 and a beta of 0.84. Alexandria Real Estate Equities has a 12-month low of $171.50 and a 12-month high of $224.95. The stock’s 50 day simple moving average is $193.62 and its 200 day simple moving average is $200.36.

The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a $1.15 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.60%. Alexandria Real Estate Equities’s payout ratio is currently 164.88%.

In other news, Director James P. Cain sold 425 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $193.26, for a total value of $82,135.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Jackie B. Clem sold 1,865 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, April 27th. The stock was sold at an average price of $189.55, for a total transaction of $353,510.75. Following the completion of the transaction, the general counsel now directly owns 24,039 shares in the company, valued at $4,556,592.45. The disclosure for this sale can be found here. Insiders sold a total of 38,327 shares of company stock worth $7,208,329 over the last quarter. Insiders own 1.12% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Alexandria Real Estate Equities by 4.2% during the third quarter. Geode Capital Management LLC now owns 2,783,154 shares of the real estate investment trust’s stock valued at $530,514,000 after purchasing an additional 112,596 shares in the last quarter. Voloridge Investment Management LLC grew its position in Alexandria Real Estate Equities by 0.9% in the third quarter. Voloridge Investment Management LLC now owns 176,663 shares of the real estate investment trust’s stock worth $33,755,000 after acquiring an additional 1,638 shares in the last quarter. BlackRock Inc. grew its position in Alexandria Real Estate Equities by 2.6% in the third quarter. BlackRock Inc. now owns 14,070,356 shares of the real estate investment trust’s stock worth $2,688,422,000 after acquiring an additional 357,764 shares in the last quarter. Nomura Asset Management Co.Ltd. its position in Alexandria Real Estate Equities grew by 6.8% in the fourth quarter. Nomura Asset Management Co.Ltd. now owns 148,919 shares of the real estate investment trust’s stock worth $33,203,000 after acquiring an additional 9,542 shares in the last quarter. Finally, NN Investment Partners Holdings NV grew its position in Alexandria Real Estate Equities by 5.0% in the third quarter. NN Investment Partners Holdings NV now owns 43,670 shares of the real estate investment trust’s stock worth $8,345,000 after acquiring an additional 2,064 shares in the last quarter. 94.49% of the stock is currently owned by hedge funds and other institutional investors.

About Alexandria Real Estate Equities (Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), on the S&P 500® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).

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