Alexandria Real Estate Equities, Inc. (NYSE:ARE) Declares $1.27 Quarterly Dividend

Alexandria Real Estate Equities, Inc. (NYSE:AREGet Free Report) declared a quarterly dividend on Monday, March 4th, RTT News reports. Shareholders of record on Thursday, March 28th will be given a dividend of 1.27 per share by the real estate investment trust on Monday, April 15th. This represents a $5.08 annualized dividend and a yield of 4.03%.

Alexandria Real Estate Equities has raised its dividend by an average of 5.4% annually over the last three years and has increased its dividend every year for the last 14 years. Alexandria Real Estate Equities has a dividend payout ratio of 134.4% 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 $9.78 per share next year, which means the company should continue to be able to cover its $5.08 annual dividend with an expected future payout ratio of 51.9%.

Alexandria Real Estate Equities Stock Performance

Shares of ARE traded up $1.74 during mid-day trading on Monday, hitting $126.01. 1,043,555 shares of the company traded hands, compared to its average volume of 1,115,164. Alexandria Real Estate Equities has a 1 year low of $90.73 and a 1 year high of $146.46. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a 50-day moving average price of $122.93 and a two-hundred day moving average price of $113.33. The stock has a market cap of $22.04 billion, a price-to-earnings ratio of 230.13, a P/E/G ratio of 2.84 and a beta of 1.05.

Alexandria Real Estate Equities (NYSE:AREGet Free Report) last announced its earnings results on Tuesday, January 30th. The real estate investment trust reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($2.83). Alexandria Real Estate Equities had a return on equity of 0.46% and a net margin of 3.59%. The firm had revenue of $757.22 million during the quarter, compared to analysts’ expectations of $740.16 million. During the same period in the previous year, the business posted $2.14 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities will post 9.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ARE. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Friday. Wedbush restated an “outperform” rating and issued a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, January 31st. Mizuho increased their target price on shares of Alexandria Real Estate Equities from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Alexandria Real Estate Equities in a research report on Tuesday, January 30th. They set a “buy” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

View Our Latest Analysis on ARE

Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $118.92, for a total transaction of $891,900.00. Following the completion of the transaction, the chairman now owns 429,538 shares in the company, valued at approximately $51,080,658.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alexandria Real Estate Equities news, EVP Kristina Fukuzaki-Carlson sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $117.03, for a total transaction of $292,575.00. Following the sale, the executive vice president now directly owns 30,070 shares of the company’s stock, valued at $3,519,092.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Joel S. Marcus sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $118.92, for a total value of $891,900.00. Following the completion of the sale, the chairman now directly owns 429,538 shares of the company’s stock, valued at $51,080,658.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,000 shares of company stock worth $2,365,175. Corporate insiders own 0.96% of the company’s stock.

Institutional Trading of Alexandria Real Estate Equities

A number of institutional investors have recently bought and sold shares of the stock. DRW Securities LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $243,000. Two Sigma Securities LLC bought a new stake in Alexandria Real Estate Equities in the second quarter worth about $238,000. Atom Investors LP purchased a new position in shares of Alexandria Real Estate Equities during the first quarter valued at approximately $237,000. PFS Investments Inc. grew its stake in shares of Alexandria Real Estate Equities by 10.1% during the fourth quarter. PFS Investments Inc. now owns 1,629 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 149 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter worth approximately $228,000. 86.36% of the stock is currently owned by institutional investors.

About Alexandria Real Estate Equities

(Get Free Report)

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.

Further Reading

Dividend History for Alexandria Real Estate Equities (NYSE:ARE)

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