Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Free Report) declared a quarterly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 30th will be paid a dividend of 0.72 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th.
Alexandria Real Estate Equities has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 15 years. Alexandria Real Estate Equities has a dividend 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. Analysts expect Alexandria Real Estate Equities to earn $5.31 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 54.2%.
Alexandria Real Estate Equities Stock Up 0.4%
Alexandria Real Estate Equities stock traded up $0.20 during mid-day trading on Tuesday, reaching $51.49. 1,671,332 shares of the company were exchanged, compared to its average volume of 2,255,217. The business has a fifty day moving average of $50.76 and a 200 day moving average of $49.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $8.97 billion, a P/E ratio of -8.50 and a beta of 1.15. Alexandria Real Estate Equities has a 12-month low of $39.41 and a 12-month high of $88.24.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on ARE shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Wall Street Zen cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Morgan Stanley reaffirmed an “underweight” rating and issued a $53.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. BMO Capital Markets boosted their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the stock a “market perform” rating in a research note on Friday, June 12th. Finally, Mizuho decreased their target price on shares of Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Reduce” and an average price target of $52.85.
View Our Latest Research Report on Alexandria Real Estate Equities
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.
See Also
- Five stocks we like better than Alexandria Real Estate Equities
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.
