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

Key Points

• Alexandria Real Estate Equities, Inc. announced a quarterly dividend of $1.32 per share, with a yield of 6.4%, payable on October 15th to shareholders of record as of September 30th.
• The company currently has a payout ratio of 229.6%, indicating reliance on its balance sheet to cover dividend payments, though analysts expect a future payout ratio of 54.9% based on projected earnings.
• Despite a recent earnings report showing a slight decline in revenue and a negative net margin, analysts maintain an average "Hold" rating with a price target of $97.17 for Alexandria Real Estate Equities stock.

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) declared a quarterly dividend on Tuesday, September 2nd, RTT News reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 1.32 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 6.2%. The ex-dividend date is Tuesday, September 30th.

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 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 Price Performance

ARE stock traded up $1.77 during trading on Friday, hitting $84.66. 1,007,727 shares of the company's stock traded hands, compared to its average volume of 1,166,656. Alexandria Real Estate Equities has a 52 week low of $67.37 and a 52 week high of $125.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The business has a fifty day simple moving average of $78.26 and a 200 day simple moving average of $80.49. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of -651.19, a P/E/G ratio of 6.96 and a beta of 1.30.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The real estate investment trust reported $2.33 EPS for the quarter, beating the consensus estimate of $2.29 by $0.04. Alexandria Real Estate Equities had a negative net margin of 0.33% and a negative return on equity of 0.05%. The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter last year, the business earned $2.36 earnings per share. Alexandria Real Estate Equities's quarterly revenue was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. As a group, research analysts expect that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

About Alexandria Real Estate Equities

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.