Zacks: Brokerages Anticipate Alexandria Real Estate Equities, Inc. (NYSE:ARE) Will Post Earnings of $1.96 Per Share

According to Zacks Investment Research, Wall Street analysts are forecasting Alexandria Real Estate Equities, Inc. (NYSE: ARE) to post earnings per share (EPS) of $ 1.96 for the current quarter. Zero analysts have released estimates of Alexandria Real Estate Equities earnings. Alexandria Real Estate Equities reported earnings per share of $ 1.84 for the year-ago quarter, indicating a positive growth rate of 6.5% year over year. The company will publish its next quarterly results after the market closes on Monday, January 31st.

According to Zacks, analysts expect Alexandria Real Estate Equities to post full year earnings of $ 7.76 per share for the current fiscal year. For the next fiscal year, analysts expect the company to post earnings of $ 8.36 per share, with EPS estimates ranging between $ 8.31 and $ 8.41. The average earnings per share of Zacks Investment Research is an average based on a survey of research analysts covering Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE: ARE) last released its quarterly earnings data on Sunday October 24th. The Real Estate Investment Trust reported earnings per share of $ 0.67 for the quarter, beating Zacks’ consensus estimate of $ 0.62 by $ 0.05. The company had revenue of $ 547.76 million for the quarter, compared to analyst expectations of $ 533.52 million. Alexandria Real Estate Equities had a net margin of 46.78% and a return on equity of 6.10%. The company’s quarterly revenue increased 0.5% year over year. In the same quarter last year, the company achieved $ 1.83 EPS.

Several stock research analysts have recently commented on the stock. The Royal Bank of Canada raised its price target on Alexandria Real Estate Equities from $ 205.00 to $ 222.00 and valued the stock on Tuesday 17th. BTIG Research raised its price target on Alexandria Real Estate Equities from 187 .00 USD to $ 233.00 and gave the stock a “Buy” rating in a research release on Friday, October 22nd. Finally, in a research release on Sunday, December 5th, Robert W. Baird reiterated a “buy” rating for stocks of Alexandria Real Estate Equities. An investment analyst has given the stock a hold rating and five a buy rating for the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 179.83.

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ARE shares opened at $ 211.94 on Friday. Alexandria Real Estate Equities has a twelve month low of $ 154.37 and a twelve month high of $ 213.25. The 50 day simple moving average is $ 204.10 and the 200 day simple moving average is $ 198.05. The company has a market capitalization of $ 32.84 billion, a price to earnings ratio of 32.21, a PEG ratio of 3.54, and a beta of 0.76. The company has a current ratio of 0.17, a quick ratio of 0.17, and a debt to equity ratio of 0.55.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 14th. On Friday December 31st, registered investors will receive a dividend of $ 1.15. This is a boost from Alexandria Real Estate Equities’ previous quarterly dividend of $ 1.12. The ex-dividend date is Thursday, December 30th. This equates to an annualized dividend of $ 4.60 and a dividend yield of 2.17%. Alexandria Real Estate Equities’ dividend payout ratio (DPR) is 68.09%.

A number of institutional investors and hedge funds have recently changed their positions in ARE. Victory Capital Management Inc. increased its position in Alexandria Real Estate Equities by 1,037.0% in the second quarter. Victory Capital Management Inc. now owns 1,251,790 shares in the real estate investment trust valued at $ 227,751,000, after acquiring an additional 1,141,696 shares last quarter. Price T Rowe Associates Inc. MD increased its position in Alexandria Real Estate Equities 72.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 2,554,329 shares in the real estate investment trust valued at $ 464,735,000 after purchasing an additional 1,070,159 shares last quarter. TCI Fund Management Ltd. increased its position in Alexandria Real Estate Equities by 540.7% in the third quarter. TCI Fund Management Ltd. now owns 1,044,359 shares in the real estate investment trust valued at $ 199,546,000 after purchasing an additional 881,359 shares last quarter. Invesco Ltd. increased its position in Alexandria Real Estate Equities by 56.5% in the second quarter. Invesco Ltd. now owns 2,341,768 shares in the real estate investment trust valued at $ 426,062,000 after acquiring an additional 845,501 shares in the most recent quarter. Finally, Vanguard Group Inc. increased its position in Alexandria Real Estate Equities by 3.8% in the second quarter. Vanguard Group Inc. now owns 21,951,990 shares in the real estate investment trust valued at $ 3,993,946,000, after acquiring an additional 799,369 shares last quarter. Institutional investors own 88.27% of the company’s stock.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc. is an urban office real estate mutual fund. It deals with the ownership, operation, development and redevelopment of life science and technology properties. The company also rents space for the life science and technology industries, which are mainly located at AAA locations for urban innovation clusters.

Special report: Exchange Traded Funds (ETFs)

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