Wall Street brokerages expect Alexandria Real Estate Equities, Inc. (NYSE:ARE) to report sales of $210.87 million for the current quarter, according to Zacks. Two analysts have provided estimates for Alexandria Real Estate Equities’ earnings, with the highest sales estimate coming in at $216.04 million and the lowest estimate coming in at $205.70 million. Alexandria Real Estate Equities reported sales of $230.38 million in the same quarter last year, which indicates a negative year over year growth rate of 8.5%. The company is expected to report its next earnings results after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Alexandria Real Estate Equities will report full-year sales of $210.87 million for the current fiscal year, with estimates ranging from $814.10 million to $869.58 million. For the next year, analysts expect that the firm will post sales of $951.62 million per share, with estimates ranging from $906.80 million to $996.43 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ 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 firm 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 EPS. The company’s quarterly revenue was up 20.8% compared to the same quarter last year.

A number of analysts have recently issued reports on ARE shares. 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. BidaskClub lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, Barclays PLC upped 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $128.25.

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Shares of Alexandria Real Estate Equities (NYSE ARE) opened at 122.26 on Friday. The stock has a market capitalization of $11.45 billion, a PE ratio of 275.98 and a beta of 0.87. Alexandria Real Estate Equities has a 52-week low of $101.73 and a 52-week high of $124.37. The stock has a 50 day moving average of $120.55 and a 200 day moving average of $118.68.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

In other Alexandria Real Estate Equities news, EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the executive vice president now directly owns 158,000 shares of the company’s stock, valued at $19,051,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the sale, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,893 shares of company stock valued at $8,645,989. 1.60% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in ARE. Perigon Wealth Management LLC lifted its position in shares of Alexandria Real Estate Equities by 395.0% during the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the last quarter. Muzinich & Co. Inc. lifted its position in shares of Alexandria Real Estate Equities by 30.4% during the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Capital Analysts LLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $125,000. Invictus RG purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $133,000. Finally, First Personal Financial Services lifted its position in shares of Alexandria Real Estate Equities by 7.9% during the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 81 shares during the last quarter.

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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