Alexandria Real Estate Equities, Inc. (NYSE:ARE) will be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect Alexandria Real Estate Equities to post earnings of $0.43 per share for the quarter. Alexandria Real Estate Equities has set its FY17 guidance at $5.99-6.05 EPS.
Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. The company had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 earnings per share. On average, analysts expect Alexandria Real Estate Equities to post $1.47 EPS for the current fiscal year and $2.01 EPS for the next fiscal year.
Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 122.16 on Friday. The firm has a 50-day moving average of $120.66 and a 200-day moving average of $118.96. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.73 and a 1-year high of $124.49. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 275.76 and a beta of 0.87.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders 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 2.82%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.
In related 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 value of $2,974,750.00. Following the sale, the chief executive officer now owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,893 shares of company stock worth $8,645,989. Corporate insiders own 1.60% of the company’s stock.
ARE has been the topic of a number of research reports. BidaskClub cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a report on Tuesday, July 18th. 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. Royal Bank Of Canada reissued a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. Finally, National Bank Financial cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $106.20.
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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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