Alexandria Real Estate Equities (ARE) to Release Earnings on Monday

Alexandria Real Estate Equities (NYSE:ARE) will issue its quarterly earnings data 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.Parties that wish to register for the company’s conference call can do so using this link.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Tuesday, January 30th. The real estate investment trust reported ($0.54) EPS for the quarter, missing the consensus estimate of $2.29 by ($2.83). The business had revenue of $757.22 million for the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a net margin of 3.59% and a return on equity of 0.46%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the business earned $2.14 earnings per share. 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 Trading Down 1.7 %

Shares of Alexandria Real Estate Equities stock opened at $121.84 on Monday. The company’s fifty day simple moving average is $122.85 and its 200-day simple moving average is $116.03. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. 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.

Alexandria Real Estate Equities Dividend Announcement

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

Insider Buying and Selling at Alexandria Real Estate Equities

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

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in Alexandria Real Estate Equities during the fourth quarter worth approximately $2,277,135,000. BlackRock Inc. raised its position in shares of Alexandria Real Estate Equities by 8.5% in the 1st quarter. BlackRock Inc. now owns 17,138,718 shares of the real estate investment trust’s stock valued at $2,152,452,000 after purchasing an additional 1,338,634 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Alexandria Real Estate Equities by 71.2% in the 4th quarter. Nuveen Asset Management LLC now owns 2,168,295 shares of the real estate investment trust’s stock valued at $275,588,000 after purchasing an additional 901,424 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 188.7% in the 1st quarter. Centersquare Investment Management LLC now owns 1,341,308 shares of the real estate investment trust’s stock valued at $269,938,000 after acquiring an additional 876,725 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Alexandria Real Estate Equities by 4.2% in the 1st quarter. State Street Corp now owns 10,640,279 shares of the real estate investment trust’s stock valued at $1,348,934,000 after acquiring an additional 424,932 shares during the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analysts Set New Price Targets

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

About Alexandria Real Estate Equities

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.