FY2024 EPS Estimates for Alexandria Real Estate Equities, Inc. (NYSE:ARE) Lifted by Zacks Research

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Equities research analysts at Zacks Research increased their FY2024 earnings per share estimates for shares of Alexandria Real Estate Equities in a note issued to investors on Friday, August 9th. Zacks Research analyst R. Department now expects that the real estate investment trust will earn $9.48 per share for the year, up from their prior estimate of $9.47. 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 $2.40 EPS, Q1 2025 earnings at $2.38 EPS, Q2 2025 earnings at $2.42 EPS, Q3 2025 earnings at $2.44 EPS, Q4 2025 earnings at $2.45 EPS, FY2025 earnings at $9.69 EPS, Q1 2026 earnings at $2.49 EPS, Q2 2026 earnings at $2.49 EPS and FY2026 earnings at $9.94 EPS.

A number of other analysts also recently commented on the stock. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $140.00 to $130.00 in a report on Wednesday, July 24th. Evercore ISI cut Alexandria Real Estate Equities from an “outperform” rating to an “inline” rating and dropped their price target for the company from $133.00 to $126.00 in a research report on Thursday, July 25th. Jefferies Financial Group downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price target for the stock from $136.00 to $127.00 in a research note on Friday, August 2nd. JMP Securities reissued a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Alexandria Real Estate Equities presently has an average rating of “Hold” and a consensus price target of $131.22.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $113.66 on Monday. The firm’s fifty day simple moving average is $117.54 and its 200-day simple moving average is $120.03. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.55. The stock has a market cap of $19.88 billion, a PE ratio of 106.22, a price-to-earnings-growth ratio of 4.00 and a beta of 1.15. Alexandria Real Estate Equities has a fifty-two week low of $90.73 and a fifty-two week high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). Alexandria Real Estate Equities had a return on equity of 0.68% and a net margin of 5.09%. The business had revenue of $766.70 million for the quarter, compared to analyst estimates of $775.03 million. During the same period in the prior year, the company earned $2.24 EPS. The company’s revenue was up 7.4% on a year-over-year basis.

Alexandria Real Estate Equities Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $1.30 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 28th. This represents a $5.20 annualized dividend and a dividend yield of 4.58%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 485.98%.

Insider Transactions at Alexandria Real Estate Equities

In related news, major shareholder Real Estate Equitie Alexandria sold 150,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $4.21, for a total value of $631,500.00. Following the completion of the transaction, the insider now directly owns 6,005,077 shares in the company, valued at $25,281,374.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.15% of the company’s stock.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC grew its stake in shares of Alexandria Real Estate Equities by 11.0% during the 2nd quarter. ProShare Advisors LLC now owns 29,192 shares of the real estate investment trust’s stock valued at $3,415,000 after buying an additional 2,883 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of Alexandria Real Estate Equities by 12.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 64,483 shares of the real estate investment trust’s stock worth $7,543,000 after purchasing an additional 7,300 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of Alexandria Real Estate Equities by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,050,991 shares of the real estate investment trust’s stock worth $122,934,000 after purchasing an additional 10,576 shares during the period. Sei Investments Co. lifted its stake in shares of Alexandria Real Estate Equities by 4.3% in the 2nd quarter. Sei Investments Co. now owns 14,095 shares of the real estate investment trust’s stock valued at $1,649,000 after purchasing an additional 581 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Alexandria Real Estate Equities by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 11,068 shares of the real estate investment trust’s stock worth $1,295,000 after purchasing an additional 490 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Company Profile

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.