Alexandria Real Estate Equities (ARE) to Release Quarterly Earnings on Monday

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

Alexandria Real Estate Equities Price Performance

NYSE:ARE opened at $101.56 on Friday. Alexandria Real Estate Equities has a 52 week low of $94.35 and a 52 week high of $130.14. The stock’s fifty day moving average is $102.13 and its two-hundred day moving average is $112.29. The company has a market capitalization of $17.75 billion, a P/E ratio of 61.92, a P/E/G ratio of 3.85 and a beta of 1.16. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.56.

Alexandria Real Estate Equities Increases Dividend

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

Alexandria Real Estate Equities announced that its board has authorized a stock buyback plan on Monday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently commented on ARE shares. JPMorgan Chase & Co. cut Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $133.00 to $121.00 in a report on Wednesday, November 27th. Wedbush restated an “outperform” rating and set a $110.00 target price (down from $120.00) on shares of Alexandria Real Estate Equities in a research note on Friday, December 6th. Evercore ISI dropped their price objective on shares of Alexandria Real Estate Equities from $129.00 to $124.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada decreased their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research report on Tuesday, December 17th. Finally, JMP Securities dropped their target price on Alexandria Real Estate Equities from $140.00 to $130.00 and set a “market outperform” rating on the stock in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has an average rating of “Hold” and an average price target of $121.90.

About Alexandria Real Estate Equities

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.