Alexandria Actual Property Equities (NYSE:AREGet Score) issued an replace on its FY 2023 earnings steering on Friday morning. The corporate offered EPS steering of $8.86-$9.06 for the interval, in comparison with the consensus EPS estimate of $8.92. The corporate issued income steering of -.

Alexandria Actual Property Equities Buying and selling Up 2.1 %

Shares of Alexandria Actual Property Equities inventory opened at $145.20 on Friday. The enterprise has a fifty day easy transferring common of $147.30 and a two-hundred day easy transferring common of $148.00. Alexandria Actual Property Equities has a 1 yr low of $126.74 and a 1 yr excessive of $224.95. The corporate has a market capitalization of $23.83 billion, a price-to-earnings ratio of 44.13, a P/E/G ratio of two.21 and a beta of 0.91. The corporate has a debt-to-equity ratio of 0.50, a present ratio of 0.37 and a fast ratio of 0.37.

Alexandria Actual Property Equities (NYSE:AREGet Score) final introduced its quarterly earnings outcomes on Tuesday, October twenty fifth. The true property funding belief reported $2.11 earnings per share (EPS) for the quarter, lacking the consensus estimate of $2.12 by ($0.01). The enterprise had income of $659.90 million for the quarter, in comparison with analyst estimates of $657.48 million. Alexandria Actual Property Equities had a internet margin of 21.73% and a return on fairness of three.03%. The corporate’s income for the quarter was up 20.5% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise earned $1.95 EPS. Analysis analysts forecast that Alexandria Actual Property Equities will put up 8.41 EPS for the present yr.

Alexandria Actual Property Equities Will increase Dividend

The corporate additionally lately disclosed a quarterly dividend, which will likely be paid on Friday, January thirteenth. Shareholders of document on Friday, December thirtieth will likely be given a dividend of $1.21 per share. It is a increase from Alexandria Actual Property Equities’s earlier quarterly dividend of $1.18. The ex-dividend date is Thursday, December twenty ninth. This represents a $4.84 annualized dividend and a yield of three.33%. Alexandria Actual Property Equities’s dividend payout ratio (DPR) is presently 143.47%.

Analyst Upgrades and Downgrades

A number of analysis analysts have weighed in on ARE shares. Evercore ISI lowered their worth goal on Alexandria Actual Property Equities to $168.00 in a analysis report on Friday, December 2nd. JMP Securities restated a purchase score and issued a $180.00 worth goal on shares of Alexandria Actual Property Equities in a analysis report on Thursday, October sixth. StockNews.com assumed protection on Alexandria Actual Property Equities in a analysis report on Wednesday, October twelfth. They issued a promote score on the inventory. Robert W. Baird raised their worth goal on Alexandria Actual Property Equities from $151.00 to $162.00 in a analysis report on Friday, December 2nd. Lastly, Mizuho raised their worth goal on Alexandria Actual Property Equities from $172.00 to $178.00 and gave the inventory a purchase score in a analysis report on Monday, September twelfth. One funding analyst has rated the inventory with a promote score, one has issued a maintain score and 4 have assigned a purchase score to the inventory. Primarily based on information from MarketBeat, the corporate presently has a mean score of Reasonable Purchase and a consensus worth goal of $173.43.

Insider Exercise at Alexandria Actual Property Equities

In associated information, CFO Dean A. Shigenaga bought 9,000 shares of the agency’s inventory in a transaction dated Wednesday, December 14th. The inventory was bought at a mean worth of $152.51, for a complete worth of $1,372,590.00. Following the sale, the chief monetary officer now straight owns 134,832 shares of the corporate’s inventory, valued at $20,563,228.32. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by this hyperlink. In associated information, CFO Dean A. Shigenaga bought 9,000 shares of the agency’s inventory in a transaction dated Wednesday, December 14th. The inventory was bought at a mean worth of $152.51, for a complete worth of $1,372,590.00. Following the sale, the chief monetary officer now straight owns 134,832 shares of the corporate’s inventory, valued at $20,563,228.32. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by this hyperlink. Additionally, CEO Peter M. Moglia bought 2,000 shares of Alexandria Actual Property Equities inventory in a transaction dated Tuesday, December thirteenth. The shares had been bought at a mean worth of $151.89, for a complete worth of $303,780.00. Following the sale, the chief government officer now straight owns 167,099 shares within the firm, valued at $25,380,667.11. The disclosure for this sale will be discovered right here. Insiders have bought 34,253 shares of firm inventory valued at $5,179,946 during the last ninety days. 0.96% of the inventory is owned by company insiders.

Institutional Buying and selling of Alexandria Actual Property Equities

Hedge funds have lately made adjustments to their positions within the firm. Cresset Asset Administration LLC boosted its stake in shares of Alexandria Actual Property Equities by 17.3% throughout the first quarter. Cresset Asset Administration LLC now owns 2,147 shares of the actual property funding belief’s inventory valued at $434,000 after buying an extra 316 shares within the final quarter. Cibc World Market Inc. acquired a brand new place in shares of Alexandria Actual Property Equities within the first quarter value roughly $423,000. Wahed Make investments LLC lifted its stake in shares of Alexandria Actual Property Equities by 6.1% within the first quarter. Wahed Make investments LLC now owns 1,959 shares of the actual property funding belief’s inventory value $394,000 after buying an extra 112 shares throughout the interval. Mercer World Advisors Inc. ADV lifted its stake in shares of Alexandria Actual Property Equities by 4.2% within the third quarter. Mercer World Advisors Inc. ADV now owns 2,450 shares of the actual property funding belief’s inventory value $344,000 after buying an extra 99 shares throughout the interval. Lastly, Advisors Asset Administration Inc. lifted its stake in shares of Alexandria Actual Property Equities by 185.3% within the first quarter. Advisors Asset Administration Inc. now owns 1,355 shares of the actual property funding belief’s inventory value $273,000 after buying an extra 880 shares throughout the interval. 89.81% of the inventory is owned by institutional buyers and hedge funds.

About Alexandria Actual Property Equities

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Alexandria Actual Property Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> city workplace actual property funding belief (“REIT”), is the primary, longest-tenured, and pioneering proprietor, operator, and developer uniquely targeted on collaborative life science, know-how, and agtech campuses in AAA innovation cluster areas, with a complete market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million sq. ft (“SF”).

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This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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