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Alexandria Real Estate Equities said on March 6, 2023 that its board of directors declared a regular
quarterly dividend of $1.21 per share ($4.84 annualized).
Previously, the company paid $1.21 per share.
Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend.
Shareholders of record as of March 31, 2023
will receive the payment on April 14, 2023.
At the current share price of $145.62 / share,
the stock’s dividend yield is 3.32%.
Looking back five years and taking a sample every week, the average dividend yield has been
2.72%,
the lowest has been 2.09%,
and the highest has been 3.59%.
The standard deviation of yields is 0.32 (n=236).
The current dividend yield is
1.85 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 1.61.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.17%,
demonstrating that it has increased its dividend over time.
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Analyst Price Forecast Suggests 25.59% Upside
As of March 7, 2023,
the average one-year price target for Alexandria Real Estate Equities is $182.89.
The forecasts range from a low of $146.45 to a high of $207.90.
The average price target represents an increase of 25.59% from its latest reported closing price of $145.62.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Alexandria Real Estate Equities
is $2,316MM, a decrease of 10.57%.
The projected annual non-GAAP EPS
is $2.69.
What is the Fund Sentiment?
There are 1419 funds or institutions reporting positions in Alexandria Real Estate Equities.
This is unchanged over the last quarter.
Average portfolio weight of all funds dedicated to ARE is 0.62%,
an increase
of 21.57%.
Total shares owned by institutions decreased
in the last three months by 2.09% to 185,903K shares.
The put/call ratio of ARE is 0.11, indicating a
bullish
outlook.
What are Large Shareholders Doing?
Norges Bank
holds 15,632K shares
representing 9.03% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
APG Asset Management US
holds 7,358K shares
representing 4.25% ownership of the company.
In it’s prior filing, the firm reported owning 7,430K shares, representing
a decrease
of 0.98%.
The firm
increased
its portfolio allocation in ARE by 1.92% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 7,031K shares
representing 4.06% ownership of the company.
In it’s prior filing, the firm reported owning 6,968K shares, representing
an increase
of 0.89%.
The firm
increased
its portfolio allocation in ARE by 6.49% over the last quarter.
Principal Financial Group
holds 5,784K shares
representing 3.34% ownership of the company.
In it’s prior filing, the firm reported owning 5,936K shares, representing
a decrease
of 2.62%.
The firm
decreased
its portfolio allocation in ARE by 48.06% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 4,986K shares
representing 2.88% ownership of the company.
In it’s prior filing, the firm reported owning 4,869K shares, representing
an increase
of 2.36%.
The firm
decreased
its portfolio allocation in ARE by 1.73% over the last quarter.
Alexandria Real Estate Equities Background Information
(This description is provided by the company.)
Alexandria Real Estate Equities, Inc. an S&P 500® urban office real estate investment trust, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, technology and agtech campuses in AAA innovation cluster locations. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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