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

Alexandria Real Estate Equities, Inc. (NYSE:ARE - Get Free Report) declared a quarterly dividend on Monday, March 3rd, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 1.32 per share by the real estate investment trust on Tuesday, April 15th. This represents a $5.28 annualized dividend and a dividend yield of 5.21%.

Alexandria Real Estate Equities has raised its dividend by an average of 5.0% 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 payout ratio of 128.5% indicating that 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 Trading Down 0.9 %

NYSE ARE traded down $0.87 on Monday, hitting $101.39. The company's stock had a trading volume of 1,177,069 shares, compared to its average volume of 1,350,679. The company's 50-day moving average is $97.89 and its 200 day moving average is $108.36. The firm has a market cap of $17.55 billion, a PE ratio of 56.33, a PEG ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities has a 1-year low of $93.25 and a 1-year high of $130.14. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $2.39 EPS for the quarter, topping the consensus estimate of $0.91 by $1.48. Alexandria Real Estate Equities had a return on equity of 1.43% and a net margin of 10.36%. As a group, analysts predict that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities declared that its board has initiated a stock repurchase program on Monday, December 9th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

ARE has been the subject of a number of analyst reports. JMP Securities reissued a "market outperform" rating and set a $130.00 target price on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and cut their target price for the company from $133.00 to $121.00 in a research report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft cut Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and decreased their target price for the stock from $135.00 to $112.00 in a research note on Friday, November 15th. Robert W. Baird cut their price target on Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, Royal Bank of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating for the company in a research note on Tuesday, December 17th. Ten research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Alexandria Real Estate Equities presently has an average rating of "Hold" and an average target price of $121.30.

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.