What is Zacks Research’s Estimate for ARE FY2024 Earnings?

Alexandria Real Estate Equities, Inc. (NYSE:ARE) – Analysts at Zacks Research reduced their FY2024 earnings estimates for shares of Alexandria Real Estate Equities in a research report issued to clients and investors 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 previous estimate 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.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 earnings per share (EPS) 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 business had revenue of $791.60 million during the quarter, compared to the consensus estimate of $766.97 million. During the same period in the prior year, the firm earned $2.26 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year.

A number of other equities research analysts also recently commented on ARE. Citigroup lowered Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $125.00 in a research note on Friday, September 13th. Wedbush reduced their price objective on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Bank of America cut shares of Alexandria Real Estate Equities from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $151.00 to $126.00 in a research report on Monday, July 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Tuesday, July 23rd. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average price target of $131.10.

Alexandria Real Estate Equities Price Performance

Shares of ARE stock opened at $111.36 on Tuesday. The firm’s 50 day moving average price is $118.04 and its two-hundred day moving average price is $118.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities has a 52-week low of $93.17 and a 52-week high of $135.45. The stock has a market cap of $19.46 billion, a PE ratio of 67.90, a PEG ratio of 4.27 and a beta of 1.16.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued 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 4.67%. Alexandria Real Estate Equities’s payout ratio is presently 317.07%.

Institutional Investors Weigh In On Alexandria Real Estate Equities

Institutional investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new stake in Alexandria Real Estate Equities in the 3rd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new position in Alexandria Real Estate Equities in the third quarter valued at approximately $30,000. UMB Bank n.a. increased its position in shares of Alexandria Real Estate Equities by 132.8% during the 2nd quarter. UMB Bank n.a. now owns 270 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 154 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $33,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 144.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 305 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 180 shares during the last quarter. Institutional investors 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.