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

Alexandria Real Estate Equities (NYSE:ARE) will post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Alexandria Real Estate Equities to post earnings of $2.37 per share for the quarter. Alexandria Real Estate Equities has set its FY24 guidance at $9.41-9.53 EPS and its FY 2024 guidance at 9.410-9.530 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The firm had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. During the same period in the previous year, the company earned $2.24 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. 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 Trading Up 0.4 %

NYSE:ARE opened at $121.79 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 113.82, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16. Alexandria Real Estate Equities has a one year low of $90.73 and a one year high of $135.45. The business’s 50-day simple moving average is $118.80 and its 200 day simple moving average is $118.88.

Alexandria Real Estate Equities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s dividend payout ratio is presently 485.98%.

Analysts Set New Price Targets

ARE has been the subject of several recent analyst reports. Evercore ISI increased their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. BMO Capital Markets raised shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Bank of America lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their target price for the company from $151.00 to $126.00 in a research note on Monday, July 29th. Citigroup lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price objective for the company from $130.00 to $125.00 in a research report on Friday, September 13th. Finally, Wedbush cut Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $140.00 to $130.00 in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Hold” and an average price target of $133.22.

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.