Equities research analysts forecast that Alexandria Real Estate Equities Inc (NYSE:ARE) will post sales of $238.24 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Alexandria Real Estate Equities’ earnings. The highest sales estimate is $274.1 million and the lowest is $202.37 million. Alexandria Real Estate Equities reported sales of $226.08 million in the same quarter last year, which indicates a positive year over year growth rate of 5.4%. The business is expected to report its next quarterly earnings report on Monday, August 7th.

According to Zacks, analysts expect that Alexandria Real Estate Equities will report full-year sales of $238.24 million for the current financial year, with estimates ranging from $834.78 million to $1.12 billion. For the next financial year, analysts anticipate that the business will post sales of $1.13 billion per share, with estimates ranging from $995.56 million to $1.26 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The firm had revenue of $270.90 million during the quarter, compared to analysts’ expectations of $261.67 million. Alexandria Real Estate Equities had a negative return on equity of 0.78% and a negative net margin of 8.78%. The company’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.34 EPS.

A number of equities analysts have recently issued reports on ARE shares. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research report on Friday, March 10th. Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 price objective for the company in a research report on Tuesday, March 21st. Mizuho restated a “buy” rating and set a $125.00 price objective on shares of Alexandria Real Estate Equities in a research report on Monday, March 20th. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Finally, Barclays PLC raised their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $118.88.

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In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 9,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $110.37, for a total value of $1,048,515.00. Following the completion of the sale, the chief executive officer now directly owns 707,619 shares in the company, valued at $78,099,909.03. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total value of $881,325.00. Following the completion of the sale, the chief operating officer now owns 108,472 shares of the company’s stock, valued at $12,746,544.72. The disclosure for this sale can be found here. Insiders have sold 68,424 shares of company stock valued at $7,653,669 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Alexandria Real Estate Equities by 3,165.7% in the first quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock worth $922,867,000 after buying an additional 8,094,530 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock worth $1,630,446,000 after buying an additional 2,504,746 shares during the last quarter. State Street Corp increased its stake in shares of Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock worth $549,191,000 after buying an additional 1,186,353 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Alexandria Real Estate Equities by 152.5% in the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock worth $192,555,000 after buying an additional 1,052,130 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Alexandria Real Estate Equities by 159.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,266,286 shares of the real estate investment trust’s stock worth $139,950,000 after buying an additional 777,356 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.

Alexandria Real Estate Equities (NYSE:ARE) opened at 117.27 on Friday. Alexandria Real Estate Equities has a 52-week low of $93.39 and a 52-week high of $120.96. The stock’s 50 day moving average price is $114.93 and its 200 day moving average price is $112.31. The firm’s market capitalization is $10.68 billion.

About Alexandria Real Estate Equities

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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