Equities research analysts forecast that Alexandria Real Estate Equities, Inc. (NYSE:ARE) will report sales of $246.93 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Alexandria Real Estate Equities’ earnings, with the lowest sales estimate coming in at $216.15 million and the highest estimate coming in at $277.70 million. Alexandria Real Estate Equities reported sales of $230.38 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Alexandria Real Estate Equities will report full-year sales of $246.93 million for the current fiscal year, with estimates ranging from $872.96 million to $1.12 billion. For the next financial year, analysts anticipate that the company will report sales of $1.13 billion per share, with estimates ranging from $1.00 billion to $1.26 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Alexandria Real Estate Equities.

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

A number of research analysts have issued reports on ARE shares. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research note on Tuesday, July 18th. Finally, Barclays PLC increased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $122.71.

TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Expect Alexandria Real Estate Equities, Inc. (ARE) Will Post Quarterly Sales of $246.93 Million” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/08/08/zacks-brokerages-expect-alexandria-real-estate-equities-inc-are-will-post-quarterly-sales-of-246-93-million.html.

In other news, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction 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 sale, the chief executive officer now owns 705,829 shares in the company, valued at $85,560,591.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stephen Richardson sold 7,500 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $117.51, for a total transaction of $881,325.00. Following the completion of the sale, the chief operating officer now owns 108,472 shares in the company, valued at approximately $12,746,544.72. The disclosure for this sale can be found here. Insiders sold 33,393 shares of company stock worth $3,987,774 in the last quarter. Company insiders own 1.51% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ARE. Chevy Chase Trust Holdings Inc. purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $8,556,000. ING Groep NV purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $500,000. Capital Impact Advisors LLC purchased a new stake in Alexandria Real Estate Equities during the first quarter valued at approximately $1,641,000. DekaBank Deutsche Girozentrale raised its stake in Alexandria Real Estate Equities by 147.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 5,375 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 3,205 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in 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 valued at $192,555,000 after buying an additional 1,052,130 shares in the last quarter.

Alexandria Real Estate Equities (NYSE ARE) opened at 120.58 on Tuesday. Alexandria Real Estate Equities has a 52 week low of $101.51 and a 52 week high of $123.89. The stock’s 50 day moving average is $119.97 and its 200 day moving average is $115.75. The stock has a market cap of $11.29 billion, a PE ratio of 272.19 and a beta of 0.86.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.86 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio is presently 860.02%.

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.

Get a free copy of the Zacks research report on Alexandria Real Estate Equities (ARE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.