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

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) will be posting its quarterly earnings results 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.Individual interested in registering for the company's earnings conference call can do so using this link.

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

Shares of ARE traded down $2.66 during trading hours on Monday, hitting $119.18. 572,476 shares of the stock were exchanged, compared to its average volume of 1,006,394. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. Alexandria Real Estate Equities has a 12-month low of $90.73 and a 12-month high of $135.45. The company has a market cap of $20.85 billion, a price-to-earnings ratio of 221.84, a price-to-earnings-growth ratio of 2.79 and a beta of 1.05. The stock's 50-day moving average price is $122.85 and its two-hundred day moving average price is $116.03.

Alexandria Real Estate Equities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Wednesday, March 27th. Alexandria Real Estate Equities's payout ratio is 940.76%.

Insider Activity at Alexandria Real Estate Equities

In related news, Chairman Joel S. Marcus sold 7,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $51,080,658.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Peter M. Moglia sold 3,200 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was 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 directly owns 249,683 shares of the company's stock, valued at approximately $30,686,040.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chairman now directly owns 429,538 shares of the company's stock, valued at $51,080,658.96. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several hedge funds have recently bought and sold shares of ARE. Northwestern Mutual Wealth Management Co. increased its position in Alexandria Real Estate Equities by 2.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,083 shares of the real estate investment trust's stock worth $449,000 after buying an additional 70 shares in the last quarter. Seaport Global Advisors LLC increased its position in Alexandria Real Estate Equities by 7.5% during the fourth quarter. Seaport Global Advisors LLC now owns 1,047 shares of the real estate investment trust's stock worth $153,000 after buying an additional 73 shares in the last quarter. Cetera Advisor Networks LLC increased its position in Alexandria Real Estate Equities by 7.3% during the first quarter. Cetera Advisor Networks LLC now owns 1,086 shares of the real estate investment trust's stock worth $219,000 after buying an additional 74 shares in the last quarter. BOKF NA increased its position in Alexandria Real Estate Equities by 4.6% during the fourth quarter. BOKF NA now owns 1,758 shares of the real estate investment trust's stock worth $256,000 after buying an additional 77 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Alexandria Real Estate Equities by 1.7% during the fourth quarter. Cetera Investment Advisers now owns 5,460 shares of the real estate investment trust's stock worth $795,000 after purchasing an additional 92 shares during the last quarter. 96.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ARE shares. Mizuho boosted their price objective on Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a "buy" rating in a research note on Wednesday, January 3rd. StockNews.com upgraded Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a report on Thursday, March 21st. JMP Securities reiterated a "market outperform" rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 31st. Finally, Deutsche Bank Aktiengesellschaft started coverage on Alexandria Real Estate Equities in a report on Tuesday, January 30th. They set a "buy" rating and a $140.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.13.

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.