Alexandria Real Estate Equities, Inc. (ARE) To Go Ex-Dividend on September 30th

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced a quarterly dividend on Tuesday, September 2nd, RTT News reports. Shareholders of record on Tuesday, September 30th will be paid a dividend of 1.32 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, September 30th.

Alexandria Real Estate Equities has a payout ratio of 229.6% 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 $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 Up 0.8%

Shares of ARE stock opened at $81.57 on Thursday. Alexandria Real Estate Equities has a 52-week low of $67.37 and a 52-week high of $125.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $14.11 billion, a PE ratio of -627.45, a PEG ratio of 6.92 and a beta of 1.30. The stock has a fifty day simple moving average of $77.86 and a two-hundred day simple moving average of $80.65.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 21st. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.04. Alexandria Real Estate Equities had a negative return on equity of 0.05% and a negative net margin of 0.33%.The business had revenue of $737.28 million during the quarter, compared to analyst estimates of $748.02 million. During the same quarter in the prior year, the business posted $2.36 EPS. Alexandria Real Estate Equities’s revenue for the quarter was down .6% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2025 guidance at 9.160-9.360 EPS. On average, analysts predict that Alexandria Real Estate Equities will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Company Profile

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.