Equities Analysts Issue Forecasts for ARE FY2024 Earnings

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Research analysts at Zacks Research lowered their FY2024 EPS estimates for Alexandria Real Estate Equities in a report released on Monday, November 11th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $9.47 per share for the year, down from their previous estimate of $9.48. The consensus estimate for Alexandria Real Estate Equities’ current full-year earnings is $9.48 per share. Zacks Research also issued estimates for Alexandria Real Estate Equities’ Q4 2024 earnings at $2.39 EPS, Q1 2025 earnings at $2.31 EPS, Q2 2025 earnings at $2.35 EPS, Q3 2025 earnings at $2.39 EPS, Q4 2025 earnings at $2.35 EPS, FY2025 earnings at $9.40 EPS, Q1 2026 earnings at $2.42 EPS, Q2 2026 earnings at $2.44 EPS and FY2026 earnings at $9.83 EPS.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period last year, the firm posted $2.26 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year.

Several other brokerages have also weighed in on ARE. BMO Capital Markets raised Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Robert W. Baird lowered their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wedbush cut their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $125.00 price objective (down from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Finally, Bank of America lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their price target for the stock from $151.00 to $126.00 in a report on Monday, July 29th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $131.10.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $108.33 on Tuesday. Alexandria Real Estate Equities has a 1 year low of $93.17 and a 1 year high of $135.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock’s fifty day moving average price is $117.87 and its two-hundred day moving average price is $118.10. The firm has a market cap of $18.93 billion, a PE ratio of 66.05, a PEG ratio of 4.27 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Cerity Partners LLC lifted its position in Alexandria Real Estate Equities by 64.1% during the third quarter. Cerity Partners LLC now owns 54,343 shares of the real estate investment trust’s stock valued at $6,453,000 after purchasing an additional 21,237 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter worth $563,000. Charles Schwab Investment Management Inc. grew its position in Alexandria Real Estate Equities by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust’s stock worth $291,045,000 after acquiring an additional 72,934 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Alexandria Real Estate Equities in the third quarter valued at $413,000. Finally, PNC Financial Services Group Inc. raised its position in Alexandria Real Estate Equities by 17.4% during the third quarter. PNC Financial Services Group Inc. now owns 146,300 shares of the real estate investment trust’s stock valued at $17,373,000 after purchasing an additional 21,697 shares in the last quarter. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Announces Dividend

The firm 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. The ex-dividend date was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.80%. Alexandria Real Estate Equities’s payout ratio is currently 317.07%.

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.