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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced a quarterly dividend on Monday, March 2nd. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.72 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Alexandria Real Estate Equities has raised its dividend payment by an average of 0.0%per year 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. Equities research 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 $2.88 annual dividend with an expected future payout ratio of 29.9%.

Alexandria Real Estate Equities Trading Down 2.5%

Shares of NYSE:ARE traded down $1.35 on Monday, reaching $52.69. 2,246,522 shares of the company traded hands, compared to its average volume of 2,722,573. The stock has a market capitalization of $9.13 billion, a P/E ratio of -6.24, a price-to-earnings-growth ratio of 6.55 and a beta of 1.31. The business’s 50-day simple moving average is $53.68 and its 200 day simple moving average is $63.20. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.65. Alexandria Real Estate Equities has a 52 week low of $44.10 and a 52 week high of $105.14.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.01. Alexandria Real Estate Equities had a negative return on equity of 6.82% and a negative net margin of 47.23%.The company had revenue of $754.41 million during the quarter, compared to analysts’ expectations of $742.64 million. During the same period in the prior year, the business posted $2.39 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 4.4% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities analysts anticipate that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ARE has been the subject of a number of recent analyst reports. Evercore upped their price target on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. BMO Capital Markets boosted their price objective on shares of Alexandria Real Estate Equities from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Citigroup lowered their price objective on shares of Alexandria Real Estate Equities from $61.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, December 4th. Cantor Fitzgerald raised their target price on Alexandria Real Estate Equities from $46.00 to $60.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Citizens Jmp lowered Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $65.73.

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.