Alexandria Real Estate Equities, Inc. (ARE) Expected to Post Earnings of $1.54 Per Share

Wall Street analysts expect Alexandria Real Estate Equities, Inc. (NYSE:ARE) to announce earnings of $1.54 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Alexandria Real Estate Equities’ earnings, with the highest EPS estimate coming in at $1.55 and the lowest estimate coming in at $1.53. Alexandria Real Estate Equities posted earnings per share of $0.27 in the same quarter last year, which would indicate a positive year-over-year growth rate of 470.4%. The company is scheduled to issue its next earnings report on Monday, January 29th.

On average, analysts expect that Alexandria Real Estate Equities will report full-year earnings of $6.02 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will post earnings of $6.62 per share, with EPS estimates ranging from $6.60 to $6.65. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). The business had revenue of $285.60 million for the quarter, compared to the consensus estimate of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. Alexandria Real Estate Equities’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.39 earnings per share.

A number of equities research analysts have commented on ARE shares. Mizuho reissued a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Wednesday, August 9th. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Finally, Bank of America Corporation lifted their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $113.17.

Alexandria Real Estate Equities (NYSE ARE) traded down $0.16 during trading hours on Friday, reaching $126.79. The company’s stock had a trading volume of 158,341 shares, compared to its average volume of 523,484. 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 company has a market capitalization of $12,140.00, a PE ratio of 21.45, a PEG ratio of 3.49 and a beta of 0.85. Alexandria Real Estate Equities has a twelve month low of $105.74 and a twelve month high of $128.29.

In other news, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $118.99, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the sale, the executive vice president now directly owns 158,000 shares in the company, valued at $19,051,640. The disclosure for this sale can be found here. Insiders sold 45,000 shares of company stock worth $5,445,050 over the last ninety days. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Alexandria Real Estate Equities by 6.6% in the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after acquiring an additional 970,646 shares in the last quarter. Cbre Clarion Securities LLC grew its position in Alexandria Real Estate Equities by 67.5% in the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after acquiring an additional 904,575 shares in the last quarter. Janus Henderson Group PLC grew its position in Alexandria Real Estate Equities by 724.8% in the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock worth $114,975,000 after acquiring an additional 838,568 shares in the last quarter. Bank of New York Mellon Corp grew its position in Alexandria Real Estate Equities by 60.6% in the second quarter. Bank of New York Mellon Corp now owns 2,147,368 shares of the real estate investment trust’s stock worth $258,693,000 after acquiring an additional 810,466 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Alexandria Real Estate Equities in the second quarter worth about $83,357,000.

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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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