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

Alexandria Real Estate Equities (NYSE:ARE) is scheduled to issue 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

ARE opened at $121.79 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s 50 day simple moving average is $118.80 and its 200 day simple moving average is $118.88. Alexandria Real Estate Equities has a 1-year low of $90.73 and a 1-year high of $135.45. The stock has a market cap 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 business 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 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Wedbush downgraded Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $130.00 in a research report on Wednesday, July 24th. Evercore ISI lifted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Royal Bank of Canada decreased their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a “hold” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus 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.