Alexandria Real Estate Equities, Inc. (ARE) CEO Joel S. Marcus Sells 25,000 Shares

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 25,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the sale, the chief executive officer now owns 664,436 shares in the company, valued at approximately $79,061,239.64. The sale was disclosed in a filing with the SEC, which is available through this link.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 1.34% on Wednesday, reaching $117.56. The company had a trading volume of 626,669 shares. Alexandria Real Estate Equities, Inc. has a one year low of $101.51 and a one year high of $123.89. The company’s 50 day moving average is $120.48 and its 200-day moving average is $117.23. The firm has a market capitalization of $11.01 billion, a price-to-earnings ratio of 265.37 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the firm earned $1.36 earnings per share. On average, equities research analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a yield of 2.89%. Alexandria Real Estate Equities’s payout ratio is 860.02%.

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Several equities research analysts recently commented on the company. BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC upped their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $128.25.

A number of institutional investors have recently bought and sold shares of the business. Piedmont Investment Advisors LLC boosted its position in Alexandria Real Estate Equities by 0.3% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 8 shares in the last quarter. Gateway Investment Advisers LLC boosted its position in Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Gateway Investment Advisers LLC now owns 5,647 shares of the real estate investment trust’s stock valued at $680,000 after acquiring an additional 23 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Alexandria Real Estate Equities by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 25 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in Alexandria Real Estate Equities by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock valued at $2,068,000 after acquiring an additional 47 shares in the last quarter. Finally, First Personal Financial Services boosted its position in Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after acquiring an additional 81 shares in the last quarter.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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