Mitsubishi UFJ Financial Group Weighs in on Alexandria Real Estate Equities Inc’s FY2018 Earnings (ARE)

Alexandria Real Estate Equities Inc (NYSE:ARE) – Research analysts at Mitsubishi UFJ Financial Group lifted their FY2018 earnings estimates for shares of Alexandria Real Estate Equities in a research report issued to clients and investors on Wednesday, November 28th. Mitsubishi UFJ Financial Group analyst K. Ford now expects that the real estate investment trust will earn $6.61 per share for the year, up from their previous forecast of $6.59. Mitsubishi UFJ Financial Group also issued estimates for Alexandria Real Estate Equities’ Q4 2018 earnings at $1.69 EPS, Q1 2019 earnings at $1.68 EPS, Q2 2019 earnings at $1.73 EPS, FY2019 earnings at $6.95 EPS, Q1 2020 earnings at $1.80 EPS, Q2 2020 earnings at $1.83 EPS and Q3 2020 earnings at $1.85 EPS.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The company had revenue of $341.80 million during the quarter, compared to the consensus estimate of $343.42 million. During the same quarter in the previous year, the company posted $1.51 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 19.7% compared to the same quarter last year.

Several other brokerages also recently weighed in on ARE. Citigroup boosted their price objective on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Evercore ISI set a $148.00 price objective on Alexandria Real Estate Equities and gave the company a “buy” rating in a research report on Monday, October 15th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $121.17.

Shares of ARE stock opened at $124.50 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.78. Alexandria Real Estate Equities has a fifty-two week low of $114.00 and a fifty-two week high of $134.37. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.90 and a beta of 0.69.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $123.02, for a total value of $1,230,200.00. Following the completion of the sale, the insider now owns 562,255 shares in the company, valued at $69,168,610.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James P. Cain sold 450 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $122.23, for a total value of $55,003.50. Following the transaction, the director now owns 3,040 shares of the company’s stock, valued at approximately $371,579.20. The disclosure for this sale can be found here. Insiders sold 22,450 shares of company stock valued at $2,792,874 in the last quarter. Corporate insiders own 1.41% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of Alexandria Real Estate Equities by 45.4% during the second quarter. Envestnet Asset Management Inc. now owns 14,278 shares of the real estate investment trust’s stock valued at $1,801,000 after acquiring an additional 4,459 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in shares of Alexandria Real Estate Equities by 336.4% during the second quarter. OppenheimerFunds Inc. now owns 105,067 shares of the real estate investment trust’s stock valued at $13,256,000 after acquiring an additional 80,991 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Alexandria Real Estate Equities by 7.3% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 14,435 shares of the real estate investment trust’s stock valued at $1,821,000 after acquiring an additional 987 shares in the last quarter. Lourd Capital LLC bought a new position in shares of Alexandria Real Estate Equities during the third quarter valued at approximately $256,000. Finally, SG Americas Securities LLC raised its holdings in shares of Alexandria Real Estate Equities by 45.3% during the second quarter. SG Americas Securities LLC now owns 43,292 shares of the real estate investment trust’s stock valued at $5,462,000 after acquiring an additional 13,489 shares in the last quarter.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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Earnings History and Estimates for Alexandria Real Estate Equities (NYSE:ARE)

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