FY2024 Earnings Estimate for ARE Issued By Zacks Research

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Zacks Research lowered their FY2024 EPS estimates for shares of Alexandria Real Estate Equities in a note issued to investors on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $9.47 for the year, down from their previous forecast 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 issued 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). The business had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. Alexandria Real Estate Equities’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.26 EPS.

Other equities analysts have also issued reports about the company. Evercore ISI cut their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research note on Wednesday, October 23rd. Wedbush dropped their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Citigroup cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $130.00 to $125.00 in a research report on Friday, September 13th. Royal Bank of Canada restated a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Finally, BMO Capital Markets upgraded Alexandria Real Estate Equities to a “hold” rating in a report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $131.10.

Alexandria Real Estate Equities Trading Down 2.7 %

NYSE ARE opened at $108.33 on Tuesday. The firm has a market capitalization of $18.93 billion, a PE ratio of 66.05, a price-to-earnings-growth ratio of 4.27 and a beta of 1.16. The business’s 50-day moving average price is $117.87 and its two-hundred day moving average price is $118.10. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.56. Alexandria Real Estate Equities has a 12 month low of $93.17 and a 12 month high of $135.45.

Hedge Funds Weigh In On Alexandria Real Estate Equities

A number of large investors have recently modified their holdings of ARE. M&G Plc acquired a new position in Alexandria Real Estate Equities during the 1st quarter valued at about $204,001,000. Pathway Financial Advisers LLC boosted its position in shares of Alexandria Real Estate Equities by 11,449.8% during the third quarter. Pathway Financial Advisers LLC now owns 1,423,630 shares of the real estate investment trust’s stock valued at $169,056,000 after buying an additional 1,411,304 shares during the last quarter. Raymond James & Associates boosted its position in shares of Alexandria Real Estate Equities by 501.1% during the third quarter. Raymond James & Associates now owns 290,857 shares of the real estate investment trust’s stock valued at $34,539,000 after buying an additional 242,466 shares during the last quarter. Vanguard Group Inc. grew its holdings in Alexandria Real Estate Equities by 0.6% during the first quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after buying an additional 156,643 shares in the last quarter. Finally, KBC Group NV raised its position in Alexandria Real Estate Equities by 315.9% in the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock valued at $20,110,000 after buying an additional 128,634 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $5.20 annualized dividend and a dividend yield of 4.80%. Alexandria Real Estate Equities’s dividend payout ratio is 317.07%.

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.