Zacks Research Has Negative Forecast for ARE FY2024 Earnings

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) - Equities researchers at Zacks Research cut their FY2024 earnings per share (EPS) estimates for Alexandria Real Estate Equities in a report issued on Monday, November 11th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $9.47 per share for the year, down from their prior 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.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $125.00 price objective (down previously from $130.00) on shares of Alexandria Real Estate Equities in a report on Thursday, October 24th. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday. Evercore ISI decreased their price target 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. Bank of America lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, BMO Capital Markets raised shares of Alexandria Real Estate Equities to a "hold" rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $131.10.

Alexandria Real Estate Equities Stock Down 1.7 %

Shares of NYSE ARE traded down $1.90 during midday trading on Tuesday, hitting $109.46. 202,690 shares of the company's stock were exchanged, compared to its average volume of 988,289. The firm's fifty day simple moving average is $117.87 and its 200-day simple moving average is $118.10. 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 company has a market cap of $19.13 billion, a PE ratio of 67.90, a P/E/G ratio of 4.27 and a beta of 1.16. Alexandria Real Estate Equities has a twelve month low of $93.17 and a twelve month high of $135.45.

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 earnings per share 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 analyst estimates of $766.97 million. During the same period in the previous year, the firm posted $2.26 earnings per share. The company's quarterly revenue was up 10.9% compared to the same quarter last year.

Alexandria Real Estate Equities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's dividend payout ratio (DPR) is 317.07%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Raymond James Trust N.A. bought a new stake in Alexandria Real Estate Equities in the third quarter valued at $563,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Alexandria Real Estate Equities by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,450,902 shares of the real estate investment trust's stock valued at $291,045,000 after purchasing an additional 72,934 shares during the period. Prospera Private Wealth LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 3rd quarter valued at about $413,000. PNC Financial Services Group Inc. grew its holdings in Alexandria Real Estate Equities by 17.4% during the third quarter. PNC Financial Services Group Inc. now owns 146,300 shares of the real estate investment trust's stock valued at $17,373,000 after purchasing an additional 21,697 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $9,032,000. Institutional investors 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.