Brokers Offer Predictions for Alexandria Real Estate Equities, Inc.’s Q2 2024 Earnings (NYSE:ARE)

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Investment analysts at Wedbush reduced their Q2 2024 EPS estimates for Alexandria Real Estate Equities in a research report issued to clients and investors on Wednesday, April 24th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings per share of $2.32 for the quarter, down from their prior forecast of $2.37. Wedbush has a “Outperform” rating and a $140.00 price target on the stock. The consensus estimate for Alexandria Real Estate Equities’ current full-year earnings is $9.46 per share. Wedbush also issued estimates for Alexandria Real Estate Equities’ Q3 2024 earnings at $2.40 EPS and Q4 2024 earnings at $2.40 EPS.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 30th. They issued a “buy” rating and a $140.00 target price on the stock. JMP Securities reissued a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 31st. Mizuho boosted their price objective on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Finally, Evercore ISI lowered their price objective on shares of Alexandria Real Estate Equities from $137.00 to $132.00 and set an “outperform” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $136.75.

Alexandria Real Estate Equities Trading Down 0.9 %

Shares of ARE opened at $116.23 on Friday. The firm’s 50 day simple moving average is $122.98 and its 200 day simple moving average is $117.10. The company has a market capitalization of $20.33 billion, a P/E ratio of 108.63, a P/E/G ratio of 2.74 and a beta of 1.05. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.30 and a quick ratio of 0.26. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($2.83). The company had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. Alexandria Real Estate Equities had a net margin of 6.65% and a return on equity of 0.87%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.14 earnings per share.

Alexandria Real Estate Equities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.37%. Alexandria Real Estate Equities’s payout ratio is 474.77%.

Insider Transactions at Alexandria Real Estate Equities

In related news, 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 value of $393,280.00. Following the transaction, 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 SEC, which can be accessed through this link. In related news, 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 value of $393,280.00. Following the transaction, 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 SEC, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Monday, February 26th. The stock was 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 in the company, valued at $51,080,658.96. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Oakworth Capital Inc. purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at $25,000. Capital Advisors Ltd. LLC purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at $25,000. HHM Wealth Advisors LLC increased its position in Alexandria Real Estate Equities by 340.9% during the 4th quarter. HHM Wealth Advisors LLC now owns 194 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 150 shares during the period. Parkside Financial Bank & Trust increased its position in Alexandria Real Estate Equities by 61.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 291 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 111 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in Alexandria Real Estate Equities by 275.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 233 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 171 shares during the period. 96.54% of the stock is owned by hedge funds and other institutional investors.

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.