Alexandria Real Estate Equities, Inc. Announces Quarterly Dividend of $0.72 (NYSE:ARE)

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced a quarterly dividend on Monday, March 2nd. Investors of record on Tuesday, March 31st will be paid a dividend of 0.72 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Alexandria Real Estate Equities has increased its dividend payment by an average of 0.0%per year 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 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. 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 $2.88 annual dividend with an expected future payout ratio of 29.9%.

Alexandria Real Estate Equities Stock Down 2.5%

NYSE:ARE traded down $1.35 during trading hours on Monday, hitting $52.69. 2,246,522 shares of the company traded hands, compared to its average volume of 2,722,573. Alexandria Real Estate Equities has a one year low of $44.10 and a one year high of $105.14. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.65. The company has a market cap of $9.13 billion, a PE ratio of -6.24, a PEG ratio of 6.55 and a beta of 1.31. The firm’s 50-day simple moving average is $53.68 and its 200-day simple moving average is $63.20.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The company had revenue of $754.41 million for the quarter, compared to analyst estimates of $742.64 million. During the same period last year, the firm earned $2.39 earnings per share. The firm’s revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. Equities analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current year.

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus acquired 25,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were bought at an average price of $53.92 per share, for a total transaction of $1,348,000.00. Following the completion of the transaction, the chairman owned 562,724 shares of the company’s stock, valued at approximately $30,342,078.08. This represents a 4.65% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheila K. Mcgrath bought 3,100 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price of $45.60 per share, with a total value of $141,360.00. Following the completion of the transaction, the director owned 8,392 shares of the company’s stock, valued at $382,675.20. This represents a 58.58% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.08% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can boosted its holdings in shares of Alexandria Real Estate Equities by 10.7% in the 2nd quarter. Bank of Montreal Can now owns 406,318 shares of the real estate investment trust’s stock worth $29,511,000 after purchasing an additional 39,117 shares in the last quarter. Washburn Capital Management Inc. bought a new stake in Alexandria Real Estate Equities in the 2nd quarter worth approximately $949,000. Penserra Capital Management LLC boosted its stake in Alexandria Real Estate Equities by 46.3% in the second quarter. Penserra Capital Management LLC now owns 18,927 shares of the real estate investment trust’s stock worth $1,374,000 after buying an additional 5,994 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Alexandria Real Estate Equities by 114.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 757,533 shares of the real estate investment trust’s stock worth $55,020,000 after buying an additional 404,938 shares in the last quarter. Finally, Amundi grew its position in Alexandria Real Estate Equities by 2.9% during the second quarter. Amundi now owns 800,479 shares of the real estate investment trust’s stock valued at $64,405,000 after acquiring an additional 22,820 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors.

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.