Alexandria Real Estate Equities, Inc. (NYSE:ARE) to Release Earnings on Monday
Alexandria Real Estate Equities, Inc. (NYSE:ARE) is set to release its earnings data after the market closes on Monday, July 31st. Analysts expect Alexandria Real Estate Equities to post earnings of $0.45 per share for the quarter. Alexandria Real Estate Equities has set its FY17 guidance at $5.97-6.07 EPS.
Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The firm had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. During the same period in the previous year, the business earned $1.34 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. On average, analysts expect Alexandria Real Estate Equities to post $6.02 EPS for the current fiscal year and $6.65 EPS for the next fiscal year.
Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 121.00 on Monday. The firm’s market capitalization is $11.02 billion. The firm has a 50-day moving average of $119.56 and a 200 day moving average of $115.15. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.18.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -205.99%.
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In other news, CEO Joel S. Marcus sold 14,000 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $112.92, for a total value of $1,580,880.00. Following the completion of the sale, the chief executive officer now owns 723,829 shares in the company, valued at $81,734,770.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maria C. Freire sold 2,174 shares of the stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $113.30, for a total transaction of $246,314.20. Following the completion of the sale, the director now owns 5,464 shares of the company’s stock, valued at approximately $619,071.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,674 shares of company stock valued at $4,130,859. 1.51% of the stock is currently owned by corporate insiders.
A number of research firms have weighed in on ARE. Zacks Investment Research lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Barclays PLC raised their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. Finally, BidaskClub lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $122.38.
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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