Wall Street analysts forecast that Alexandria Real Estate Equities Inc (NYSE:ARE) will report earnings of $1.67 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Alexandria Real Estate Equities’ earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.65. Alexandria Real Estate Equities posted earnings of $1.51 per share in the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The firm is scheduled to issue its next earnings report after the market closes on Monday, October 29th.

According to Zacks, analysts expect that Alexandria Real Estate Equities will report full year earnings of $6.60 per share for the current year, with EPS estimates ranging from $6.58 to $6.62. For the next financial year, analysts expect that the firm will post earnings of $6.93 per share, with EPS estimates ranging from $6.89 to $6.97. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $1.64 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.64. The company had revenue of $325.00 million for the quarter, compared to analyst estimates of $331.27 million. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The firm’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Alexandria Real Estate Equities from $130.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 22nd. Citigroup increased their price objective on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Finally, Barclays increased their price objective on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $108.93.

In other news, COO Lawrence J. Diamond sold 250 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $126.99, for a total value of $31,747.50. Following the completion of the sale, the chief operating officer now directly owns 60,217 shares of the company’s stock, valued at $7,646,956.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joel S. Marcus sold 29,500 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $126.87, for a total value of $3,742,665.00. Following the completion of the sale, the insider now directly owns 582,255 shares of the company’s stock, valued at $73,870,691.85. The disclosure for this sale can be found here. Insiders sold 76,250 shares of company stock valued at $9,731,103 over the last three months. Corporate insiders own 1.41% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Advisors Preferred LLC lifted its holdings in shares of Alexandria Real Estate Equities by 142.3% during the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 505 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Alexandria Real Estate Equities by 12,889.6% during the first quarter. Summit Trail Advisors LLC now owns 124,051 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 123,096 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $164,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $177,000. Finally, Advisor Partners LLC acquired a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $205,000. 98.98% of the stock is owned by institutional investors and hedge funds.

Shares of Alexandria Real Estate Equities stock opened at $126.99 on Friday. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 21.09, a P/E/G ratio of 3.16 and a beta of 0.71. Alexandria Real Estate Equities has a 52 week low of $114.00 and a 52 week high of $134.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.39 and a current ratio of 0.39.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, September 27th. Alexandria Real Estate Equities’s payout ratio is currently 61.79%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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