Alexandria Real Estate Equities Inc. (ARE) Declares Quarterly Dividend of $0.68
Alexandria Real Estate Equities (NYSE:ARE) announced a quarterly dividend on Tuesday, September 10th, American Banking and Market News reports. Investors of record on Monday, September 30th will be paid a dividend of $0.68 per share on Tuesday, October 15th. This represents a $2.72 annualized dividend and a dividend yield of 4.30%.
A number of analysts have recently weighed in on ARE shares. Analysts at TheStreet upgraded shares of Alexandria Real Estate Equities (NYSE:ARE) to a “buy” rating in a research note to investors on Thursday, August 1st. On the ratings front, analysts at Barclays Capital cut their price target on shares of Alexandria Real Estate Equities (NYSE:ARE) from $85.00 to $79.00 in a research note to investors on Monday, July 29th. Finally, analysts at Barclays Capital raised their price target on shares of Alexandria Real Estate Equities (NYSE:ARE) from $103.00 to $112.00 in a research note to investors on Wednesday, July 24th. They now have an “overweight” rating on the stock.
Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and a consensus price target of $74.00.
Alexandria Real Estate Equities (NYSE:ARE) opened at 63.30 on Tuesday. Alexandria Real Estate Equities has a 52 week low of $60.86 and a 52 week high of $78.43. The stock has a 50-day moving average of $65.42 and a 200-day moving average of $69.27. The company has a market cap of $4.522 billion and a P/E ratio of 50.84.
Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, July 29th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.05. The company had revenue of $154.20 million for the quarter, compared to the consensus estimate of $152.60 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, analysts predict that Alexandria Real Estate Equities will post $4.34 earnings per share for the current fiscal year.
Alexandria Real Estate Equities, Inc is a real estate investment trust (NYSE:ARE).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.