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Alexandria Real Estate Equities (NYSE:ARE) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Alexandria Real Estate Equities logo with Finance background

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $2.33 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.04, Zacks reports. The firm had revenue of $737.28 million during the quarter, compared to the consensus estimate of $748.02 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.36 earnings per share. Alexandria Real Estate Equities updated its FY 2025 guidance to 9.160-9.360 EPS.

Alexandria Real Estate Equities Trading Up 2.9%

Shares of NYSE ARE traded up $2.28 during trading on Tuesday, hitting $80.55. 968,753 shares of the company traded hands, compared to its average volume of 1,407,096. Alexandria Real Estate Equities has a 1 year low of $67.37 and a 1 year high of $126.37. The company has a 50-day moving average price of $73.19 and a 200-day moving average price of $84.88. The firm has a market capitalization of $13.93 billion, a P/E ratio of 105.68, a P/E/G ratio of 6.59 and a beta of 1.25. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.

Alexandria Real Estate Equities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $1.32 per share. The ex-dividend date was Monday, June 30th. This represents a $5.28 annualized dividend and a dividend yield of 6.55%. Alexandria Real Estate Equities's dividend payout ratio is presently 694.74%.

Institutional Trading of Alexandria Real Estate Equities

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC boosted its position in 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 boosted its position in Alexandria Real Estate Equities by 4,261.1% in the 1st quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock valued at $290,000 after buying an additional 3,068 shares during the last quarter. Woodline Partners LP boosted its position in Alexandria Real Estate Equities by 39.9% in the 1st quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust's stock valued at $1,204,000 after buying an additional 3,714 shares during the last quarter. Focus Partners Wealth boosted its position in Alexandria Real Estate Equities by 171.5% in the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock valued at $610,000 after buying an additional 4,163 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Alexandria Real Estate Equities by 102.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock valued at $2,184,000 after buying an additional 11,762 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARE. Citigroup cut their price objective on Alexandria Real Estate Equities from $110.00 to $74.00 in a research report on Monday, June 2nd. JMP Securities restated a "market outperform" rating and set a $130.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, April 30th. Baird R W cut their price objective on Alexandria Real Estate Equities from $129.00 to $102.00 in a research report on Thursday, June 12th. Wall Street Zen upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a research note on Tuesday, May 20th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of "Hold" and an average price target of $99.54.

Read Our Latest Stock Report on ARE

Alexandria Real Estate Equities Company Profile

(Get Free Report)

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.

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

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