Alexandria Real Estate Equities (NYSE:ARE) Releases FY 2022 Earnings Guidance

Alexandria Real Estate Equities (NYSE:AREGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $8.330-$8.430 for the period. The company issued revenue guidance of -.

A number of brokerages recently weighed in on ARE. TheStreet downgraded Alexandria Real Estate Equities from a b- rating to a c+ rating in a research report on Friday, March 11th. StockNews.com raised Alexandria Real Estate Equities from a sell rating to a hold rating in a report on Saturday, April 16th. Finally, Mizuho raised their price target on Alexandria Real Estate Equities from $200.00 to $219.00 in a report on Thursday, January 20th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $180.80.

NYSE ARE traded down $6.66 during trading on Monday, hitting $193.00. The company’s stock had a trading volume of 1,264,816 shares, compared to its average volume of 1,032,044. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities has a fifty-two week low of $171.50 and a fifty-two week high of $224.95. The company has a market cap of $31.50 billion, a PE ratio of 50.41, a P/E/G ratio of 3.08 and a beta of 0.82. The business’s 50 day simple moving average is $194.29 and its 200-day simple moving average is $201.36.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last released its earnings results on Monday, January 31st. The real estate investment trust reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.18). Alexandria Real Estate Equities had a return on equity of 3.40% and a net margin of 26.93%. During the same period last year, the company posted $1.84 EPS. Analysts expect that Alexandria Real Estate Equities will post 8.4 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 30th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 121.37%.

In related news, Director James P. Cain sold 425 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $193.26, for a total transaction of $82,135.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Marc E. Binda sold 3,234 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $191.09, for a total value of $617,985.06. The disclosure for this sale can be found here. Insiders have sold 36,462 shares of company stock valued at $6,854,818 in the last ninety days. Corporate insiders own 1.12% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Silvercrest Asset Management Group LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $223,000. Cypress Capital Group purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $344,000. Toroso Investments LLC increased its position in shares of Alexandria Real Estate Equities by 13.0% in the fourth quarter. Toroso Investments LLC now owns 2,261 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 260 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Alexandria Real Estate Equities by 12.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 7,315 shares of the real estate investment trust’s stock worth $1,631,000 after acquiring an additional 819 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Alexandria Real Estate Equities by 15.8% in the fourth quarter. LPL Financial LLC now owns 17,764 shares of the real estate investment trust’s stock worth $3,961,000 after acquiring an additional 2,426 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

About Alexandria Real Estate Equities (Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").

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