Alexandria Real Estate Equities, Inc. (ARE) to Issue Quarterly Dividend of $0.72 on July 15th

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.72 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Alexandria Real Estate Equities to earn $5.83 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 49.4%.

Alexandria Real Estate Equities Trading Up 8.6%

Shares of Alexandria Real Estate Equities stock opened at $52.82 on Wednesday. Alexandria Real Estate Equities has a 1-year low of $39.41 and a 1-year high of $88.24. The company’s fifty day simple moving average is $46.14 and its 200-day simple moving average is $49.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20. The stock has a market capitalization of $9.20 billion, a PE ratio of -8.42, a P/E/G ratio of 5.89 and a beta of 1.19.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 4th. Royal Bank Of Canada reduced their target price on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. The Goldman Sachs Group restated a “neutral” rating and set a $52.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Jefferies Financial Group lowered their price target on shares of 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. Finally, Evercore set a $55.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.23.

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.