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


According to Zacks Investment Research, 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. Zero analysts have provided earnings estimates for Alexandria Real Estate Equities. Alexandria Real Estate Equities posted earnings of $1.93 per share for the same quarter last year, indicating a positive growth rate of 7.3% year over year. The company is expected to release its next quarterly results on Monday, January 1st.

According to Zacks, analysts expect Alexandria Real Estate Equities to report full-year earnings per share of $8.40 for the current fiscal year, with EPS estimates ranging from $8.38 to $8.41. For the next year, analysts expect the company to report earnings of $9.17 per share with EPS estimates ranging from $9.16 to $9.17. Zacks EPS averages are averages 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 earnings results on Monday, April 25th. The Real Estate Investment Trust reported ($0.96) earnings per share (EPS) for the quarter, missing analyst consensus estimates of $0.75 ($1.71). Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The company had revenue of $615.10 million for the quarter, compared to analyst estimates of $595.35 million. In the same period last year, the company generated earnings per share of $1.91. The company’s revenue for the quarter rose 28.2% year over year.

Several equities research analysts have recently issued reports on ARE stocks. TheStreet lowered Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11. Mizuho raised its target price on Alexandria Real Estate Equities from $200.00 to $219.00 in a research report on Thursday, January 20. Finally, StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report Thursday, April 28. One equities research analyst has assigned a sell rating to the stock, one has given a hold rating and five have given 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 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 company has a market cap of $28.84 billion, a P/E of 63.33, a P/E 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 company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31 were paid a dividend of $1.15. The ex-dividend date of this dividend was Wednesday March 30th. That equates to a dividend of $4.60 on an annualized basis and a dividend yield of 2.60%. Alexandria Real Estate Equities’ payout ratio is currently 164.88%.

In other news, Director James P. Cain sold 425 shares of Alexandria Real Estate Equities in a transaction that took place on Wednesday, March 16th. The shares 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’s website. In addition, General Counsel Jackie B. Clem sold 1,865 shares of Alexandria Real Estate Equities in a transaction that took place on Wednesday, April 27th. The stock sold at an average price of $189.55 for a total transaction of $353,510.75. Following the closing of the transaction, the General Counsel now directly owns 24,039 shares of 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 the company’s shares during the most recent quarter, valued at $7,208,329. Insiders own 1.12% of the company’s shares.

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

About Alexandria Real Estate Equities (get rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500®– Urban Office Investment Trust (“REIT”), is the first, longest-serving and pioneering owner, operator and developer with a unique focus on collaborative life science, technology and agtech campuses in locations of AAA innovation clusters with a total market capitalization of $31.9 billion as of December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”)).

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