Wall Street brokerages predict that Alexandria Real Estate Equities, Inc. (NYSE:ARE) will report sales of $210.89 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Alexandria Real Estate Equities’ earnings, with the lowest sales estimate coming in at $205.70 million and the highest estimate coming in at $216.08 million. Alexandria Real Estate Equities reported sales of $230.38 million in the same quarter last year, which indicates a negative year over year growth rate of 8.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 30th.

On average, analysts expect that Alexandria Real Estate Equities will report full-year sales of $210.89 million for the current fiscal year, with estimates ranging from $814.10 million to $870.08 million. For the next financial year, analysts expect that the business will report sales of $957.34 million per share, with estimates ranging from $906.80 million to $1.01 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. Alexandria Real Estate Equities’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.36 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC upped their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $128.25.

Alexandria Real Estate Equities (ARE) opened at 118.97 on Monday. The firm has a 50-day moving average price of $120.48 and a 200-day moving average price of $117.23. Alexandria Real Estate Equities has a 12-month low of $101.51 and a 12-month high of $123.89. The stock has a market cap of $11.14 billion, a PE ratio of 268.56 and a beta of 0.87.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

In other Alexandria Real Estate Equities news, CEO Joel S. Marcus sold 13,893 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the completion of the transaction, the chief executive officer now owns 705,829 shares of the company’s stock, valued at approximately $85,560,591.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joel S. Marcus sold 25,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total transaction of $2,974,750.00. Following the transaction, the chief executive officer now directly owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The disclosure for this sale can be found here. Insiders sold a total of 71,893 shares of company stock worth $8,645,989 over the last quarter. 1.51% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 6.6% in the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after purchasing an additional 970,646 shares during the period. BlackRock Inc. lifted its position in shares of Alexandria Real Estate Equities by 5.5% during the 2nd quarter. BlackRock Inc. now owns 8,810,925 shares of the real estate investment trust’s stock worth $1,061,452,000 after purchasing an additional 460,698 shares during the last quarter. State Street Corp lifted its position in shares of Alexandria Real Estate Equities by 0.6% during the 2nd quarter. State Street Corp now owns 4,999,505 shares of the real estate investment trust’s stock worth $602,286,000 after purchasing an additional 30,229 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Alexandria Real Estate Equities by 19.5% during the 2nd quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock worth $365,624,000 after purchasing an additional 494,964 shares during the last quarter. Finally, Cbre Clarion Securities LLC lifted its position in shares of Alexandria Real Estate Equities by 67.5% during the 2nd quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after purchasing an additional 904,575 shares during the last quarter.

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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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