Alexandria Real Estate Equities, Inc. (NYSE:ARE) Releases FY17 Earnings Guidance

Alexandria Real Estate Equities, Inc. (NYSE:ARE) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $5.99-6.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.01.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 120.01 on Friday. The stock has a 50 day moving average of $120.39 and a 200-day moving average of $116.47. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 270.90 and a beta of 0.86.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the previous year, the firm earned $1.36 earnings per share. The business’s revenue was up 20.8% on a year-over-year basis. On average, analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current year.

Several research analysts have weighed in on ARE shares. TheStreet raised Alexandria Real Estate Equities from a c rating to a b- rating in a research report on Monday, May 1st. BidaskClub raised Alexandria Real Estate Equities from a hold rating to a buy rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Alexandria Real Estate Equities from a hold rating to a buy rating and set a $136.00 price objective on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC boosted their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an overweight rating in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $124.50.

In other news, Director James H. Richardson sold 4,000 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $117.89, for a total transaction of $471,560.00. Following the transaction, the director now owns 61,000 shares of the company’s stock, valued at approximately $7,191,290. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Joel S. Marcus sold 15,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $121.16, for a total value of $1,877,980.00. Following the transaction, the chief executive officer now directly owns 689,436 shares in the company, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. Insiders have sold a total of 48,893 shares of company stock worth $5,888,629 in the last ninety days. Insiders own 1.60% of the company’s stock.

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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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