Alexandria Real Estate Equities (ARE) Issues FY 2018 Earnings Guidance

Alexandria Real Estate Equities (NYSE:ARE) issued an update on its FY 2018 earnings guidance on Monday morning. The company provided EPS guidance of $6.59-6.61 for the period.

Shares of ARE traded up $3.88 during trading hours on Tuesday, hitting $127.07. The stock had a trading volume of 6,209 shares, compared to its average volume of 610,699. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.39 and a quick ratio of 0.39. Alexandria Real Estate Equities has a fifty-two week low of $114.00 and a fifty-two week high of $134.37. The stock has a market cap of $12.81 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.99 and a beta of 0.71.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The firm had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. During the same period in the previous year, the business posted $1.51 EPS. The business’s revenue was up 19.7% compared to the same quarter last year. Equities analysts expect that Alexandria Real Estate Equities will post 6.61 EPS for the current year.



The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date was Thursday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio is presently 61.79%.

A number of equities analysts have weighed in on ARE shares. Citigroup upped their price objective on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the stock a neutral rating in a research report on Wednesday, August 8th. Barclays upped their price objective on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an overweight rating in a research report on Tuesday, July 17th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a hold rating to a buy rating and set a $136.00 price objective for the company in a research report on Monday. Finally, Evercore ISI set a $148.00 price objective on shares of Alexandria Real Estate Equities and gave the stock a buy rating in a research report on Monday, October 15th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of Buy and a consensus price target of $123.26.

In related news, insider Thomas J. Andrews sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $127.70, for a total value of $1,277,000.00. Following the completion of the sale, the insider now owns 176,916 shares of the company’s stock, valued at $22,592,173.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel J. Ryan sold 7,000 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $127.66, for a total transaction of $893,620.00. Following the completion of the sale, the insider now directly owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The disclosure for this sale can be found here. Insiders have sold 76,250 shares of company stock valued at $9,731,103 in the last ninety days. Insiders own 1.41% of the company’s stock.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

Further Reading: Investing in Dividend Stocks

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