Alexandria Real Estate Equities, Inc. (NYSE:ARE) will announce its earnings results after the market closes on Monday, July 31st. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Alexandria Real Estate Equities has set its FY17 guidance at $5.97-6.07 EPS.
Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The firm had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was up 25.4% compared to the same quarter last year. On average, analysts expect Alexandria Real Estate Equities to post $1.62 EPS for the current fiscal year and $2.11 EPS for the next fiscal year.
Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 120.40 on Friday. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.18. The firm’s market capitalization is $10.97 billion. The firm has a 50-day moving average price of $119.83 and a 200 day moving average price of $115.50.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.86 dividend. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently -205.99%.
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In other news, insider Peter M. Moglia sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $119.27, for a total value of $238,540.00. Following the completion of the transaction, the insider now owns 85,867 shares in the company, valued at approximately $10,241,357.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Peter M. Moglia sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the completion of the transaction, the insider now owns 91,867 shares of the company’s stock, valued at approximately $10,891,751.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,674 shares of company stock valued at $4,130,859. 1.60% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $122.38.
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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