Alexandria Real Estate Equities, Inc. (ARE) To Go Ex-Dividend on September 30th

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced a quarterly dividend on Monday, August 31st. Stockholders 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 dividend yield of 5.6%. The ex-dividend date 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 raised its dividend every year for the last 15 years. Alexandria Real Estate Equities has a dividend payout ratio of 125.2% meaning 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%

ARE opened at $51.49 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. Alexandria Real Estate Equities has a fifty-two week low of $39.41 and a fifty-two week high of $88.24. The firm’s fifty day moving average is $50.75 and its 200 day moving average is $49.45. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of -8.50 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. Alexandria Real Estate Equities’s revenue was down 13.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.33 earnings per share. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities will post 6.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ARE shares. Morgan Stanley reiterated an “underweight” rating and set a $53.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. Citizens Jmp restated a “market perform” rating on shares of Alexandria Real Estate Equities in a research report on Monday, August 17th. Wall Street Zen lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BMO Capital Markets lifted their price objective on 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, Weiss Ratings reissued a “sell (d)” rating on shares of Alexandria Real Estate Equities in a report on Friday, July 17th. Two equities 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, the stock presently has an average rating of “Reduce” and an average target price of $52.85.

About Alexandria Real Estate Equities

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.