Alexandria Real Estate Equities Inc (NYSE:ARE) announced a quarterly dividend on Monday, June 3rd, Zacks reports. Investors of record on Friday, June 28th will be paid a dividend of 1.00 per share by the real estate investment trust on Monday, July 15th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97.
Alexandria Real Estate Equities has increased its dividend payment by an average of 6.6% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Alexandria Real Estate Equities has a dividend payout ratio of 60.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Alexandria Real Estate Equities to earn $7.41 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 54.0%.
Shares of NYSE ARE opened at $148.92 on Thursday. The stock’s fifty day moving average is $146.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.71. Alexandria Real Estate Equities has a 1-year low of $109.04 and a 1-year high of $153.51. The stock has a market cap of $16.61 billion, a PE ratio of 22.56, a P/E/G ratio of 4.82 and a beta of 0.74.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.57). Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The business had revenue of $358.80 million during the quarter, compared to analysts’ expectations of $356.93 million. During the same quarter last year, the business posted $1.62 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts predict that Alexandria Real Estate Equities will post 6.98 EPS for the current year.
In other Alexandria Real Estate Equities news, major shareholder Real Estate Equitie Alexandria acquired 975,000 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were bought at an average cost of $10.00 per share, with a total value of $9,750,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James P. Cain sold 450 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $139.82, for a total value of $62,919.00. Following the completion of the sale, the director now directly owns 3,506 shares in the company, valued at $490,208.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,177 shares of company stock worth $3,701,158. 1.43% of the stock is owned by corporate insiders.
Several research analysts have recently issued reports on the company. Barclays reduced their price objective on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $108.57.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.
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