Urban office focused real estate investment trust Alexandria Real Estate Equities, Inc. (ARE) recently announced a quarterly dividend of $1.15 per share, an increase of about 5.5% from the previous dividend of $1.09.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The dividend will be paid on January 14, 2022, to shareholders of record as of December 31, 2021.
Dividend Yield
The company’s annual dividend of $4.6 per share now reflects a dividend yield of 2.3% based on Monday’s closing price.
Notably, the company has been raising its quarterly dividend consistently over the past eight years, making it an attractive choice for investors.
See Insiders’ Hot Stocks on TipRanks >>
Price Target
Recently, Evercore ISI analyst Sheila McGrath assigned a Buy rating to the stock. The analyst, however, raised the price target from $234 to $236, which implies upside potential of 14.5% from current levels.
Consensus among analysts is a Strong Buy based on 5 unanimous Buys. The average Alexandria Real Estate price target of $229.20 implies upside potential of 11.3% from current levels. Shares have gained 20.5% over the past year.
Related News:
Tesla to Launch Cybertruck with 4-Motor Variant
Goldman Sachs to Invest $3B in India’s Real Estate Sector — Report
Vuzix Inks Distribution Agreement with Barcotec GmbH