Wedbush Research Analysts Boost Earnings Estimates for ARE

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Equities researchers at Wedbush raised their Q4 2024 earnings per share (EPS) estimates for Alexandria Real Estate Equities in a report released on Wednesday, October 23rd. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $2.39 per share for the quarter, up from their prior forecast of $2.36. Wedbush currently has a “Neutral” rating and a $120.00 target price on the stock. The consensus estimate for Alexandria Real Estate Equities’ current full-year earnings is $9.47 per share.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.38 by ($1.42). The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.26 earnings per share.

Other equities research analysts also recently issued research reports about the company. Bank of America downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Citigroup downgraded Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $125.00 in a research note on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and decreased their target price for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities has an average rating of “Hold” and an average price target of $131.22.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE:ARE opened at $112.75 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. Alexandria Real Estate Equities has a 12-month low of $90.73 and a 12-month high of $135.45. The company’s 50 day moving average price is $119.11 and its two-hundred day moving average price is $118.49. The firm has a market cap of $19.72 billion, a PE ratio of 105.37, a PEG ratio of 3.99 and a beta of 1.16.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Hedge funds have recently modified their holdings of the company. Stephens Inc. AR raised its position in Alexandria Real Estate Equities by 32.8% in the third quarter. Stephens Inc. AR now owns 3,070 shares of the real estate investment trust’s stock valued at $365,000 after purchasing an additional 758 shares during the last quarter. US Bancorp DE increased its stake in shares of Alexandria Real Estate Equities by 23.1% in the third quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust’s stock valued at $2,431,000 after buying an additional 3,847 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Alexandria Real Estate Equities by 6.5% in the third quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 228 shares during the period. Avitas Wealth Management LLC raised its holdings in Alexandria Real Estate Equities by 1.5% in the 3rd quarter. Avitas Wealth Management LLC now owns 10,910 shares of the real estate investment trust’s stock valued at $1,296,000 after buying an additional 163 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Alexandria Real Estate Equities by 30.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 1,062 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date of this dividend was Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.98%.

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.