Alexandria Real Estate Equities Inc to Post FY2020 Earnings of $7.35 Per Share, Mitsubishi UFJ Financial Group Forecasts (ARE)

Alexandria Real Estate Equities Inc (NYSE:ARE) – Investment analysts at Mitsubishi UFJ Financial Group issued their FY2020 earnings estimates for Alexandria Real Estate Equities in a report released on Wednesday, November 28th. Mitsubishi UFJ Financial Group analyst K. Ford expects that the real estate investment trust will post earnings per share of $7.35 for the year.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS 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 for the quarter, compared to analysts’ expectations of $343.42 million. During the same period last year, the firm earned $1.51 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 19.7% compared to the same quarter last year.

A number of other equities research analysts have also recently commented on ARE. Citigroup raised their price target on Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Finally, Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a report on Monday, October 29th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus price target of $121.17.

Shares of Alexandria Real Estate Equities stock opened at $124.50 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $13.39 billion, a P/E ratio of 20.68, a P/E/G ratio of 2.95 and a beta of 0.69. Alexandria Real Estate Equities has a one year low of $114.00 and a one year high of $134.37.

In other Alexandria Real Estate Equities news, insider Joel S. Marcus sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $123.02, for a total transaction of $1,230,200.00. Following the sale, the insider now directly owns 562,255 shares of the company’s stock, valued at $69,168,610.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel J. Ryan sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $127.66, for a total value of $893,620.00. Following the sale, the insider now directly owns 132,781 shares in the company, valued at $16,950,822.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,450 shares of company stock worth $2,792,874. Insiders own 1.41% of the company’s stock.

Large investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC increased its holdings in shares of Alexandria Real Estate Equities by 28.8% in the second quarter. Piedmont Investment Advisors LLC now owns 3,581 shares of the real estate investment trust’s stock worth $452,000 after purchasing an additional 800 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Alexandria Real Estate Equities by 5.3% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,805 shares of the real estate investment trust’s stock worth $1,615,000 after purchasing an additional 645 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Alexandria Real Estate Equities by 8.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 384,632 shares of the real estate investment trust’s stock worth $48,529,000 after purchasing an additional 29,227 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Alexandria Real Estate Equities in the second quarter worth about $4,170,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Alexandria Real Estate Equities by 21.6% in the second quarter. Victory Capital Management Inc. now owns 120,852 shares of the real estate investment trust’s stock worth $15,247,000 after purchasing an additional 21,472 shares during the last quarter.

About Alexandria Real Estate Equities

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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