Alexandria Real Estate Equities, Inc. (ARE) To Go Ex-Dividend on June 30th

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.72 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th.

Alexandria Real Estate Equities has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive years. Alexandria Real Estate Equities has a payout ratio of 125.2% 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 $5.77 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 49.9%.

Alexandria Real Estate Equities Stock Performance

Alexandria Real Estate Equities stock opened at $55.13 on Friday. Alexandria Real Estate Equities has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.65. The stock has a market cap of $9.61 billion, a P/E ratio of -8.79, a price-to-earnings-growth ratio of 6.69 and a beta of 1.19. The stock has a 50 day moving average of $48.66 and a 200-day moving average of $50.03.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.73. The business had revenue of $671.02 million during the quarter, compared to analyst estimates of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.30 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, analysts expect that Alexandria Real Estate Equities will post 6.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ARE. Robert W. Baird reissued a “neutral” rating and issued a $46.00 price objective (down from $67.00) on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Jefferies Financial Group reduced their target price on Alexandria Real Estate Equities from $57.00 to $47.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Citigroup reiterated an “outperform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Cantor Fitzgerald dropped their price target on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 29th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price target on shares of Alexandria Real Estate Equities in a research report on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $51.62.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.