Wedbush Issues Positive Outlook for ARE Earnings

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) - Wedbush increased their Q4 2024 EPS estimates for Alexandria Real Estate Equities in a research note issued to investors on Wednesday, October 23rd. Wedbush analyst R. Anderson now expects that the real estate investment trust will post earnings of $2.39 per share for the quarter, up from their previous forecast of $2.36. Wedbush has a "Neutral" rating and a $120.00 price objective on the stock. The consensus estimate for Alexandria Real Estate Equities' current full-year earnings is $9.47 per share.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last issued its quarterly earnings data 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 return on equity of 0.68% and a net margin of 5.09%. The company had revenue of $791.60 million for the quarter, compared to the consensus estimate of $766.97 million. During the same quarter in the previous year, the company earned $2.26 earnings per share. Alexandria Real Estate Equities's quarterly revenue was up 10.9% compared to the same quarter last year.

Other equities analysts have also issued reports about the company. Evercore ISI decreased their price objective on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $125.00 price target (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday. JMP Securities restated a "market outperform" rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. BMO Capital Markets upgraded shares of Alexandria Real Estate Equities to a "hold" rating in a research report on Wednesday, September 25th. Finally, Jefferies Financial Group downgraded shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and dropped their price target for the stock from $136.00 to $127.00 in a research report on Friday, August 2nd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $131.22.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock traded down $0.30 during midday trading on Monday, reaching $112.72. 1,186,967 shares of the stock traded hands, compared to its average volume of 981,964. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 106.07, a PEG ratio of 3.99 and a beta of 1.16. The firm has a fifty day moving average price of $119.17 and a two-hundred day moving average price of $118.57.

Alexandria Real Estate Equities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $1.30 per share. The ex-dividend date was Monday, September 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.61%. Alexandria Real Estate Equities's dividend payout ratio (DPR) is presently 485.98%.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE lifted its position in shares of Alexandria Real Estate Equities by 23.1% in the 3rd quarter. US Bancorp DE now owns 20,470 shares of the real estate investment trust's stock valued at $2,431,000 after acquiring an additional 3,847 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in Alexandria Real Estate Equities by 6.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,729 shares of the real estate investment trust's stock valued at $443,000 after purchasing an additional 228 shares during the period. Avitas Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 1.5% in the third quarter. Avitas Wealth Management LLC now owns 10,910 shares of the real estate investment trust's stock valued at $1,296,000 after purchasing an additional 163 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alexandria Real Estate Equities by 30.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 4,550 shares of the real estate investment trust's stock worth $540,000 after buying an additional 1,062 shares during the period. Finally, Consolidated Portfolio Review Corp grew its holdings in shares of Alexandria Real Estate Equities by 59.7% during the third quarter. Consolidated Portfolio Review Corp now owns 3,613 shares of the real estate investment trust's stock valued at $429,000 after buying an additional 1,350 shares in the last quarter. Institutional investors and hedge funds own 96.54% of the company's stock.

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.