Wall Street brokerages forecast that Alexandria Real Estate Equities, Inc. (NYSE:ARE) will report $1.50 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Alexandria Real Estate Equities’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.49. Alexandria Real Estate Equities posted earnings of $0.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2,042.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 30th.

On average, analysts expect that Alexandria Real Estate Equities will report full year earnings of $6.03 per share for the current financial year, with EPS estimates ranging from $6.02 to $6.05. For the next financial year, analysts forecast that the firm will report earnings of $6.56 per share, with EPS estimates ranging from $6.51 to $6.60. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.36 EPS.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Barclays PLC increased their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Hold” and an average price target of $128.25.

In other news, CEO Joel S. Marcus sold 25,000 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the completion of the sale, the chief executive officer now directly owns 664,436 shares in the company, valued at $79,061,239.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Joel S. Marcus sold 15,500 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the sale, the chief executive officer now owns 689,436 shares of the company’s stock, valued at $83,532,065.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,893 shares of company stock valued at $8,645,989. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 0.3% in the second quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 8 shares during the period. Gateway Investment Advisers LLC lifted its holdings in Alexandria Real Estate Equities by 0.4% in the second quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock worth $680,000 after buying an additional 23 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Alexandria Real Estate Equities by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 25 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in Alexandria Real Estate Equities by 0.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock worth $2,068,000 after buying an additional 47 shares during the period. Finally, First Personal Financial Services lifted its holdings in Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 81 shares during the period.

Shares of Alexandria Real Estate Equities (NYSE:ARE) traded down 0.20% on Thursday, reaching $122.92. The company’s stock had a trading volume of 288,260 shares. The firm has a market cap of $11.51 billion, a price-to-earnings ratio of 277.47 and a beta of 0.87. The stock has a 50 day moving average of $120.41 and a 200-day moving average of $118.57. Alexandria Real Estate Equities has a 12 month low of $101.73 and a 12 month high of $124.37.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.79%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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