Brokerages expect Alexandria Real Estate Equities, Inc. (NYSE:ARE) to report earnings per share of $1.50 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Alexandria Real Estate Equities’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.49. Alexandria Real Estate Equities posted earnings of $0.07 per share in the same quarter last year, which indicates a positive year over year growth rate of 2,042.9%. The business is expected to issue its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that Alexandria Real Estate Equities will report full-year earnings of $6.03 per share for the current year, with EPS estimates ranging from $6.02 to $6.05. For the next year, analysts expect that the firm will post earnings of $6.58 per share, with EPS estimates ranging from $6.51 to $6.66. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Alexandria Real Estate Equities.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting analysts’ consensus estimates of $1.50. The business had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.36 EPS.

ARE has been the topic of several analyst reports. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Tuesday, July 18th. Finally, Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $124.60.

Alexandria Real Estate Equities (NYSE:ARE) traded down 0.64% on Thursday, reaching $120.49. 485,042 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $120.48 and a 200-day moving average of $116.85. Alexandria Real Estate Equities has a one year low of $101.51 and a one year high of $123.89. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 271.99 and a beta of 0.86.

In other news, CEO Joel S. Marcus sold 15,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the completion of the sale, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Peter M. Moglia sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the completion of the sale, the insider now owns 91,867 shares of the company’s stock, valued at $10,891,751.52. The disclosure for this sale can be found here. Insiders have sold a total of 44,893 shares of company stock worth $5,417,069 over the last 90 days. 1.60% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the stock. Perigon Wealth Management LLC increased its stake in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 790 shares during the period. First Personal Financial Services increased its stake in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 229 shares during the period. Muzinich & Co. Inc. increased its stake in shares of Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 220 shares during the period. Capital Analysts LLC purchased a new stake in shares of Alexandria Real Estate Equities during the second quarter worth $125,000. Finally, Invictus RG purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $133,000.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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