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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Monday, June 1st. Investors of record on Tuesday, June 30th will be given a dividend of 0.72 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Tuesday, June 30th.

Alexandria Real Estate Equities has raised its dividend payment by an average of 0.0%annually over the last three years and has increased 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. Research analysts expect Alexandria Real Estate Equities to earn $5.83 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 49.4%.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE traded down $0.96 during mid-day trading on Monday, hitting $48.72. The stock had a trading volume of 1,434,591 shares, compared to its average volume of 2,427,352. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The company has a 50 day moving average of $46.16 and a two-hundred day moving average of $49.95. Alexandria Real Estate Equities has a twelve month low of $39.41 and a twelve month high of $88.24. The firm has a market cap of $8.49 billion, a PE ratio of -7.77, a PEG ratio of 6.02 and a beta of 1.19.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The firm had revenue of $671.02 million for the quarter, compared to the consensus estimate of $684.78 million. During the same period in the prior year, the firm earned $2.30 EPS. The firm’s revenue was down 11.5% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Research analysts predict that Alexandria Real Estate Equities will post 6.4 EPS for the current fiscal year.

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.