Zacks: Analysts Expect Alexandria Real Estate Equities, Inc. (ARE) to Post $1.50 EPS

Wall Street analysts expect Alexandria Real Estate Equities, Inc. (NYSE:ARE) to report earnings of $1.50 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Alexandria Real Estate Equities’ earnings, with the lowest EPS estimate coming in at $1.49 and the highest estimate coming in at $1.52. Alexandria Real Estate Equities reported earnings of $0.07 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2,042.9%. The firm is expected to issue its next quarterly earnings report on Monday, October 30th.

According to Zacks, analysts expect that Alexandria Real Estate Equities will report full-year earnings of $6.03 per share for the current year, with EPS estimates ranging from $6.02 to $6.05. For the next fiscal year, analysts expect that the firm will report earnings of $6.58 per share, with EPS estimates ranging from $6.51 to $6.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $277.40 million. During the same period last year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis.

ARE has been the subject of several analyst reports. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, Barclays PLC boosted their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $128.25.

In related news, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the transaction, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joel S. Marcus sold 13,893 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $121.22, for a total value of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The disclosure for this sale can be found here. Insiders sold a total of 49,893 shares of company stock valued at $6,019,969 over the last quarter. 1.51% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Muzinich & Co. Inc. grew its position in shares of Alexandria Real Estate Equities by 30.4% in the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 220 shares during the period. Perigon Wealth Management LLC grew its position in shares of Alexandria Real Estate Equities by 395.0% in the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 790 shares during the period. Capital Analysts LLC acquired a new position in shares of Alexandria Real Estate Equities in the 2nd quarter valued at approximately $125,000. First Personal Financial Services grew its position in shares of Alexandria Real Estate Equities by 7.9% in the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after purchasing an additional 81 shares during the period. Finally, Invictus RG acquired a new position in shares of Alexandria Real Estate Equities in the 1st quarter valued at approximately $133,000.

Shares of Alexandria Real Estate Equities (NYSE ARE) traded up 0.84% on Monday, hitting $120.36. 917,930 shares of the company’s stock traded hands. Alexandria Real Estate Equities has a 1-year low of $101.51 and a 1-year high of $123.89. The firm’s 50-day moving average price is $120.57 and its 200 day moving average price is $117.15. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 271.69 and a beta of 0.87.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.86%. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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