Alexandria Real Estate Equities (ARE) Projected to Post Earnings on Monday

Alexandria Real Estate Equities (NYSE:ARE) is expected to release its earnings data after the market closes on Monday, January 27th. Analysts expect Alexandria Real Estate Equities to post earnings of $0.91 per share and revenue of $779,785.57 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Alexandria Real Estate Equities Stock Performance

Shares of ARE opened at $101.56 on Friday. The stock has a 50-day simple moving average of $102.21 and a 200-day simple moving average of $112.39. The stock has a market capitalization of $17.75 billion, a PE ratio of 61.92, a PEG ratio of 3.85 and a beta of 1.16. Alexandria Real Estate Equities has a 1 year low of $94.35 and a 1 year high of $130.14. 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 announced that its Board of Directors has authorized a share buyback plan on Monday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.32 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $5.28 annualized dividend and a yield of 5.20%. Alexandria Real Estate Equities’s payout ratio is presently 321.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Evercore ISI dropped their target price on Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a report on Wednesday, October 23rd. Wedbush reiterated an “outperform” rating and set a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research report on Friday, December 6th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $133.00 to $121.00 in a research note on Wednesday, November 27th. Robert W. Baird lowered their target price on Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, JMP Securities lowered their price objective on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating for the company in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $121.90.

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.