Alexandria Real Estate Equities stated on March 6, 2023 that its Board of Directors declared regular quarterly dividend $1.21 per share ($4.84 annualized). Previously, the company paid $1.21 per share.
The shares must have been purchased before the ex-split date of March 30, 2023, to qualify for the dividend. Shareholders of record through 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 one sample each week, the average dividend yield has been 2.72%, with a low of 2.09%, and a high of 3.59%. The standard deviation of the yield is 0.32 (n=236).
The current dividend yield is 1.85 standard deviations from the historical average.
Additionally, the company has a dividend payout ratio of 1.61. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is 0.17%, indicating that it has increased its dividend over time.
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Analyst Price Forecast Indicates 25.59% Upside
By March 7, 2023, average one year price target for Alexandria Real Estate Equities is $182.89. Forecasts range from a low of $146.45 to a high of $207.90. The average price target represents an upside of 25.59% from its latest reported closing price of $145.62.
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The estimated annual revenue for Alexandria Real Estate Equities is $2,316MM, a decrease of 10.57%. Estimated Annual Non-GAAP eps
What is Fund Sentiment?
there are Reporting of 1419 funding or institution positions In Alexandria Real Estate Equities. This is unchanged from the previous quarter. average portfolio weight of all funds The devoted to ARE is 0.62%, an increase of 21.57%. The total shares owned by institutions decreased by 2.09% to 185,903K shares in the last three months. put/call ratio The coefficient is 0.11, indicating a bullish outlook.
What are the big shareholders doing?
The company holds 15,632K shares representing 9.03% ownership. In its prior filing, the firm reported owning 0K shares representing
APG Asset Management US
The company holds 7,358K shares representing 4.25% ownership. In its prior filing, the firm reported representing 7,430K shares.
of 0.98%. Firm
Its portfolio allocation in ARE is up by 1.92% as compared to the previous quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares
The company holds 7,031K shares representing 4.06% ownership. In its prior filing, the firm reported representing 6,968K shares.
of 0.89%. Firm
Its portfolio allocation in ARE is up by 6.49% as compared to the previous quarter.
major financial groups
The company holds 5,784K shares representing 3.34% ownership. In its prior filing, the firm reported representing 5,936K shares.
of 2.62%. Firm
fell short of
Its portfolio allocation in ARE is up by 48.06% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 4,986K shares representing 2.88% ownership. In its prior filing, the firm reported representing 4,869K shares.
of 2.36%. Firm
fell short of
Its portfolio allocation in ARE is up by 1.73% as compared to the previous quarter.
Alexandria Real Estate Equity 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 leading owner, operator and developer focused exclusively on collaborative life science, technology and agtech campuses in AAA innovation cluster locations. Established in 1994, Alexandria pioneered the sector and has since established a significant market presence in key locations including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and the Research Triangle.
This story originally appeared on fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.