Alexandria Real Estate Equities Stock To Go Ex-dividend Tomorrow (ARE)

NEW YORK ( TheStreet) -- The ex-dividend date for Alexandria Real Estate Equities (NYSE: ARE) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 49 cents per share. At a price of $72.64 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Alexandria Real Estate Equities has been 491,400 shares per day over the past 30 days. Alexandria Real Estate Equities has a market cap of $4.42 billion and is part of the financial sector and real estate industry. Shares are up 5.4% year to date as of the close of trading on Monday.

Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has a P/E ratio of 41.4, above the average real estate industry P/E ratio of 23.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alexandria Real Estate Equities as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Alexandria Real Estate Equities Ratings Report.

See our dividend calendar or top-yielding stocks list.
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