Alexandria Real Estate Equities, Inc. (NYSE:ARE) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Alexandria Real Estate Equities has set its FY17 guidance at $5.99-6.05 EPS.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly 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. The company had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.36 EPS. On average, analysts expect Alexandria Real Estate Equities to post $6.03 EPS for the current fiscal year and $6.56 EPS for the next fiscal year.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 122.26 on Monday. The company has a 50-day moving average of $120.55 and a 200 day moving average of $118.68. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.73 and a 1-year high of $124.49. The stock has a market cap of $11.45 billion, a P/E ratio of 275.98 and a beta of 0.87.

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

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ARE has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research report on Wednesday, August 9th. BidaskClub cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Barclays PLC upped their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $128.25.

In other news, CEO Joel S. Marcus sold 13,893 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the sale, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. Insiders sold 71,893 shares of company stock worth $8,645,989 in the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

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.

Earnings History for Alexandria Real Estate Equities (NYSE:ARE)

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