Alexandria Real Estate Equities (NYSE:ARE) announced a quarterly dividend on Thursday, June 13th, Stock Ratings Network.com reports. Shareholders of record on Friday, June 28th will be paid a dividend of $0.65 per share on Monday, July 15th. This represents a $2.60 annualized dividend and a dividend yield of 3.99%.
A number of analysts have recently weighed in on ARE shares. Analysts at ISI Group upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating in a research note to investors on Monday. On the ratings front, analysts at Barclays Capital cut their price target on shares of Alexandria Real Estate Equities from $86.00 to $85.00 in a research note to investors on Wednesday, June 5th. Finally, analysts at RBC Capital raised their price target on shares of Alexandria Real Estate Equities from $70.00 to $72.00 in a research note to investors on Monday, May 6th. They now have a “sector perform” rating on the stock.
Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $75.30.
Shares of Alexandria Real Estate Equities (NYSE: ARE) opened at 65.21 on Thursday. Alexandria Real Estate Equities has a one year low of $64.09 and a one year high of $78.43. The stock’s 50-day moving average is currently $72.32. The company has a market cap of $4.163 billion and a P/E ratio of 56.90.
Alexandria Real Estate Equities (NYSE: ARE) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.11. The company had revenue of $150.40 million for the quarter, compared to the consensus estimate of $152.71 million. During the same quarter in the prior year, the company posted $1.02 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities will post $4.40 EPS for the current fiscal year.
Alexandria Real Estate Equities, Inc. is a real estate investment trust (NYSE: ARE) focused principally on science-driven cluster formation.