Alexandria Real Estate Equities (NYSE:ARE) Posts Earnings Results, Misses Expectations By $2.96 EPS

Alexandria Real Estate Equities (NYSE:AREGet Rating) announced its quarterly earnings data on Monday. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.00 by ($2.96), RTT News reports. The company had revenue of $615.10 million for the quarter, compared to the consensus estimate of $595.35 million. Alexandria Real Estate Equities had a return on equity of 3.40% and a net margin of 26.93%. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. Alexandria Real Estate Equities updated its FY 2022 guidance to $8.330-$8.430 EPS and its FY22 guidance to $8.33-$8.43 EPS.

Shares of NYSE ARE opened at $193.00 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. The stock’s fifty day moving average price is $194.45 and its two-hundred day moving average price is $201.37. Alexandria Real Estate Equities has a one year low of $171.50 and a one year high of $224.95. The firm has a market cap of $31.50 billion, a price-to-earnings ratio of 50.92, a P/E/G ratio of 3.08 and a beta of 0.82.

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

In other Alexandria Real Estate Equities news, CAO Andres Gavinet sold 6,487 shares of the company’s stock in a transaction on Monday, February 7th. The stock was sold at an average price of $189.00, for a total value of $1,226,043.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James P. Cain sold 425 shares of the stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $193.26, for a total value of $82,135.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,462 shares of company stock worth $6,854,818. Insiders own 1.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ARE. Morgan Stanley grew its holdings in shares of Alexandria Real Estate Equities by 12.5% during the 2nd quarter. Morgan Stanley now owns 929,218 shares of the real estate investment trust’s stock worth $169,062,000 after purchasing an additional 103,536 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Alexandria Real Estate Equities by 8.9% during the 4th quarter. Parametric Portfolio Associates LLC now owns 387,294 shares of the real estate investment trust’s stock worth $86,351,000 after purchasing an additional 31,655 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $6,199,000. State of Tennessee Treasury Department acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter worth $5,090,000. Finally, California State Teachers Retirement System lifted its position in shares of Alexandria Real Estate Equities by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 268,809 shares of the real estate investment trust’s stock worth $59,934,000 after buying an additional 5,993 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

ARE has been the topic of a number of recent analyst reports. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Saturday, April 16th. Mizuho boosted their target price on Alexandria Real Estate Equities from $200.00 to $219.00 in a report on Thursday, January 20th. Finally, TheStreet lowered Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a report on Friday, March 11th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $180.80.

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

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