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

Alexandria Real Estate Equities (NYSE:ARE) is set to announce its earnings results after the market closes on Monday, April 22nd. Analysts expect the company to announce earnings of $2.31 per share for the quarter. Alexandria Real Estate Equities has set its FY 2024 guidance at 9.370-9.570 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company had revenue of $757.22 million during the quarter, compared to the consensus estimate of $740.16 million. During the same period in the prior year, the company earned $2.14 earnings per share. The firm’s revenue was up 13.0% compared to the same quarter last year. On average, analysts expect Alexandria Real Estate Equities to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Alexandria Real Estate Equities Stock Down 1.7 %

Shares of ARE opened at $121.84 on Monday. Alexandria Real Estate Equities has a 12 month low of $90.73 and a 12 month high of $135.45. The firm’s 50 day moving average is $122.85 and its 200-day moving average is $116.03. The stock has a market capitalization of $21.32 billion, a PE ratio of 225.63, a P/E/G ratio of 2.79 and a beta of 1.05. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $1.27 per share. The ex-dividend date is Wednesday, March 27th. This represents a $5.08 annualized dividend and a dividend yield of 4.17%. Alexandria Real Estate Equities’s dividend payout ratio is 940.76%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ARE. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho lifted their price target on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 target price for the company. Finally, JMP Securities restated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Insiders Place Their Bets

In other news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Peter M. Moglia sold 3,200 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $122.90, for a total value of $393,280.00. Following the sale, the chief executive officer now directly owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares of the company’s stock, valued at approximately $51,080,658.96. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently bought and sold shares of the business. Resurgent Financial Advisors LLC purchased a new stake in Alexandria Real Estate Equities in the fourth quarter valued at $38,000. Clear Street Markets LLC raised its position in shares of Alexandria Real Estate Equities by 104.6% during the 1st quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of Alexandria Real Estate Equities by 453.0% during the 1st quarter. Belpointe Asset Management LLC now owns 365 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 299 shares during the last quarter. Zions Bancorporation N.A. raised its holdings in Alexandria Real Estate Equities by 1,151.2% in the 1st quarter. Zions Bancorporation N.A. now owns 538 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 495 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its holdings in Alexandria Real Estate Equities by 59.3% in the 1st quarter. SRS Capital Advisors Inc. now owns 946 shares of the real estate investment trust’s stock valued at $119,000 after acquiring an additional 352 shares during the last quarter. Institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.