Alexandria Real Estate Equities, Inc. Declares Quarterly Dividend of $1.32 (NYSE:ARE)

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) announced a quarterly dividend on Monday, June 2nd, RTT News reports. Stockholders of record on Monday, June 30th will be paid a dividend of 1.32 per share by the real estate investment trust on Tuesday, July 15th. This represents a $5.28 annualized dividend and a dividend yield of 7.50%. The ex-dividend date is Monday, June 30th.

Alexandria Real Estate Equities has raised its dividend payment by an average of 5.0% 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 229.6% 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 $5.28 annual dividend with an expected future payout ratio of 54.9%.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $0.13 during mid-day trading on Thursday, hitting $70.45. The company had a trading volume of 695,376 shares, compared to its average volume of 1,299,068. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.21 and a quick ratio of 0.21. The business's 50-day simple moving average is $75.39 and its 200-day simple moving average is $91.51. Alexandria Real Estate Equities has a 12 month low of $67.37 and a 12 month high of $130.14. The firm has a market cap of $12.19 billion, a P/E ratio of 39.10, a PEG ratio of 3.93 and a beta of 1.27.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.02. The business had revenue of $758.16 million during the quarter, compared to analysts' expectations of $755.64 million. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. The firm's revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $2.35 earnings per share. As a group, analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ARE has been the topic of several research analyst reports. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research note on Thursday, April 3rd. JPMorgan Chase & Co. lowered their target price on shares of Alexandria Real Estate Equities from $117.00 to $95.00 and set a "neutral" rating for the company in a report on Tuesday, May 20th. Jefferies Financial Group started coverage on shares of Alexandria Real Estate Equities in a report on Monday, March 17th. They set a "hold" rating and a $100.00 target price for the company. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a report on Wednesday, April 30th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of "Hold" and a consensus price target of $116.00.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 4,261.1% during the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust's stock worth $290,000 after purchasing an additional 3,068 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Alexandria Real Estate Equities by 4.8% during the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust's stock worth $597,000 after purchasing an additional 296 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Alexandria Real Estate Equities by 171.5% during the first quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust's stock worth $610,000 after purchasing an additional 4,163 shares in the last quarter. Woodline Partners LP boosted its position in shares of Alexandria Real Estate Equities by 39.9% during the first quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust's stock worth $1,204,000 after purchasing an additional 3,714 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Alexandria Real Estate Equities by 102.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust's stock worth $2,184,000 after purchasing an additional 11,762 shares in the last quarter. 96.54% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.