Alexandria Real Estate Equities (ARE) Set to Announce Earnings on Monday

Alexandria Real Estate Equities (NYSE:ARE) is scheduled to be releasing its earnings data after the market closes on Monday, January 29th. Analysts expect Alexandria Real Estate Equities to post earnings of $0.40 per share for the quarter.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The company had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. On average, analysts expect Alexandria Real Estate Equities to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of Alexandria Real Estate Equities (ARE) opened at $125.95 on Monday. Alexandria Real Estate Equities has a twelve month low of $106.89 and a twelve month high of $134.37. The company has a market cap of $12,740.00, a P/E ratio of 143.13, a price-to-earnings-growth ratio of 2.83 and a beta of 0.84. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were issued a dividend of $0.90 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 409.09%.

In related news, COO Stephen Richardson sold 5,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $128.78, for a total transaction of $643,900.00. Following the completion of the transaction, the chief operating officer now owns 131,972 shares in the company, valued at $16,995,354.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 27,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $129.60, for a total transaction of $3,564,000.00. Following the transaction, the chief executive officer now owns 623,936 shares of the company’s stock, valued at approximately $80,862,105.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,250 shares of company stock valued at $7,986,230. Company insiders own 1.60% of the company’s stock.

ARE has been the subject of a number of research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Bank of America raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a report on Monday, December 4th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a report on Tuesday, January 16th. Mizuho reaffirmed a “buy” rating and set a $140.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $100.62.

ILLEGAL ACTIVITY WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/22/alexandria-real-estate-equities-are-set-to-announce-earnings-on-monday.html.

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)

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

Leave a Reply