Alexandria Real Estate Equities (ARE) Expected to Release Quarterly Earnings on Monday

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of $0.91 per share and revenue of $779,785.57 billion for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its 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). Alexandria Real Estate Equities had a net margin of 9.62% and a return on equity of 1.31%. The firm had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the prior year, the company earned $2.26 EPS. The firm's revenue was up 10.9% compared to the same quarter last year. On average, analysts expect Alexandria Real Estate Equities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Alexandria Real Estate Equities Price Performance

ARE stock traded up $1.78 during mid-day trading on Monday, hitting $101.87. 1,085,197 shares of the stock were exchanged, compared to its average volume of 1,285,225. The business has a fifty day moving average price of $102.84 and a 200 day moving average price of $112.77. Alexandria Real Estate Equities has a 12 month low of $94.35 and a 12 month high of $130.14. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 62.11, a PEG ratio of 3.64 and a beta of 1.16.

Alexandria Real Estate Equities Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $1.32 dividend. This is an increase from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.18%. Alexandria Real Estate Equities's payout ratio is presently 321.95%.

Alexandria Real Estate Equities announced that its board has authorized a stock repurchase program on Monday, December 9th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the real estate investment trust to repurchase up to 2.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

ARE has been the subject of a number of recent research reports. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, November 8th. BMO Capital Markets upgraded Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Evercore ISI cut their target price on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lowered shares of Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Finally, JMP Securities cut their price target on shares of Alexandria Real Estate Equities from $140.00 to $130.00 and set a "market outperform" rating on the stock in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $121.90.

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.