Alexandria Real Estate Equities (NYSE:ARE) Posts Earnings Results, Beats Expectations By $0.04 EPS

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) released its quarterly earnings results on Monday. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04, Zacks reports. The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.36 earnings per share. Alexandria Real Estate Equities updated its FY 2025 guidance to 9.160-9.360 EPS.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $0.76 during midday trading on Thursday, hitting $82.18. The company's stock had a trading volume of 1,409,446 shares, compared to its average volume of 1,658,929. Alexandria Real Estate Equities has a fifty-two week low of $67.37 and a fifty-two week high of $125.63. The firm's 50 day moving average is $73.90 and its 200-day moving average is $84.58. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.23 and a quick ratio of 0.22. The firm has a market cap of $14.21 billion, a P/E ratio of -632.18, a P/E/G ratio of 6.99 and a beta of 1.25.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $1.32 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $5.28 annualized dividend and a yield of 6.42%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 694.74%.

Wall Street Analysts Forecast Growth

ARE has been the subject of several analyst reports. Jefferies Financial Group decreased their price target on shares of Alexandria Real Estate Equities from $100.00 to $82.00 in a research report on Friday, April 11th. Wedbush decreased their price target on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, April 30th. JMP Securities reissued a "market outperform" rating and set a $130.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, May 20th. Eleven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $99.54.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its stake in shares of Alexandria Real Estate Equities by 4.8% during the 1st quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust's stock worth $597,000 after purchasing an additional 296 shares during the period. NewEdge Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 4,261.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock worth $290,000 after purchasing an additional 3,068 shares during the period. Woodline Partners LP grew its stake in shares of Alexandria Real Estate Equities by 39.9% during the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust's stock worth $1,204,000 after purchasing an additional 3,714 shares during the period. Focus Partners Wealth grew its stake in shares of Alexandria Real Estate Equities by 171.5% during the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock worth $610,000 after purchasing an additional 4,163 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Alexandria Real Estate Equities by 102.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock worth $2,184,000 after purchasing an additional 11,762 shares during the period. Institutional investors and hedge funds own 96.54% of the company's stock.

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.