Alexandria Real Estate Equities, Inc. (NYSE:ARE) Declares $0.72 Quarterly Dividend

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Wednesday, December 3rd. Investors of record on Wednesday, December 31st will be paid a dividend of 0.72 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Wednesday, December 31st.

Alexandria Real Estate Equities has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 15 years. Alexandria Real Estate Equities has a payout ratio of 229.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alexandria Real Estate Equities to earn $9.62 per share next year, which means the company should continue to be able to cover its $5.28 annual dividend with an expected future payout ratio of 54.9%.

Alexandria Real Estate Equities Price Performance

NYSE:ARE traded down $5.42 during trading hours on Wednesday, reaching $48.41. The stock had a trading volume of 7,321,662 shares, compared to its average volume of 1,799,032. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.24 and a current ratio of 0.24. Alexandria Real Estate Equities has a 52 week low of $47.57 and a 52 week high of $108.22. The company has a 50 day moving average price of $65.86 and a two-hundred day moving average price of $73.06. The stock has a market capitalization of $8.37 billion, a PE ratio of -19.60, a PEG ratio of 4.57 and a beta of 1.32.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). Alexandria Real Estate Equities had a negative net margin of 13.43% and a negative return on equity of 1.89%. The firm had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. During the same quarter in the prior year, the company posted $2.37 earnings per share. The firm’s revenue was down 5.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. As a group, sell-side analysts anticipate that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ARE has been the subject of a number of recent research reports. Robert W. Baird dropped their price objective on shares of Alexandria Real Estate Equities from $100.00 to $73.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Citigroup reaffirmed a “neutral” rating on shares of Alexandria Real Estate Equities in a report on Monday, November 3rd. Evercore ISI reduced their price objective on Alexandria Real Estate Equities from $74.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 28th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on Alexandria Real Estate Equities from $95.00 to $65.00 in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $76.43.

Alexandria Real Estate Equities Company Profile

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.