Alexandria Real Estate Equities (ARE) Scheduled to Post Earnings on Monday

Alexandria Real Estate Equities (NYSE:ARE) will release its earnings data after the market closes on Monday, April 22nd. Analysts expect Alexandria Real Estate Equities to post 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.Persons interested in participating in the company’s earnings conference call can do so using this link.

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

Shares of ARE stock opened at $115.70 on Friday. The stock has a market cap of $20.24 billion, a PE ratio of 214.26, a price-to-earnings-growth ratio of 2.66 and a beta of 1.05. The business has a 50-day simple moving average of $122.81 and a 200-day simple moving average of $116.41. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities has a 52-week low of $90.73 and a 52-week high of $135.45.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $1.27 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $5.08 dividend on an annualized basis and a yield of 4.39%. Alexandria Real Estate Equities’s payout ratio is 940.74%.

Insiders Place Their Bets

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now directly owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman Joel S. Marcus sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter M. Moglia sold 3,200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 249,683 shares of the company’s stock, valued at $30,686,040.70. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ARE. Resurgent Financial Advisors LLC purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $38,000. Clear Street Markets LLC lifted its stake in Alexandria Real Estate Equities by 104.6% during the first quarter. Clear Street Markets LLC now owns 309 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 158 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in Alexandria Real Estate Equities by 453.0% during the first quarter. Belpointe Asset Management LLC now owns 365 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 299 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in Alexandria Real Estate Equities by 1,151.2% during the first quarter. Zions Bancorporation N.A. now owns 538 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 495 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in Alexandria Real Estate Equities by 59.3% during the first quarter. SRS Capital Advisors Inc. now owns 946 shares of the real estate investment trust’s stock worth $119,000 after purchasing an additional 352 shares in the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ARE shares. Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. JMP Securities reaffirmed 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. StockNews.com raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Mizuho upped their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.