Alexandria Real Estate Equities (ARE) Set to Announce Earnings on Monday

Alexandria Real Estate Equities (NYSE:ARE) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce 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 that wish to register for the company’s conference call can do so using this link.

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

NYSE:ARE opened at $121.79 on Friday. The company’s 50-day simple moving average is $118.80 and its 200-day simple moving average is $118.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.23 and a current ratio of 0.23. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The stock has a market capitalization of $21.30 billion, a P/E ratio of 113.82, a P/E/G ratio of 3.99 and a beta of 1.16.

Alexandria Real Estate Equities Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Jefferies Financial Group cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and lowered their target price for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. Evercore ISI upped their price target on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a research note on Wednesday, August 28th. Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $133.22.

About Alexandria Real Estate Equities

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.