Alexandria Real Estate Equities, Inc. (ARE) EVP Thomas J. Andrews Sells 5,000 Shares of Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the sale, the executive vice president now directly owns 158,000 shares of the company’s stock, valued at approximately $19,051,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.62% during mid-day trading on Friday, hitting $119.36. 1,163,919 shares of the stock traded hands. The firm’s 50-day moving average price is $120.66 and its 200-day moving average price is $117.16. The firm has a market cap of $11.18 billion, a P/E ratio of 269.44 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The company had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same quarter in the prior year, the firm posted $1.36 EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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Institutional investors have recently modified their holdings of the company. Perigon Wealth Management LLC lifted its holdings in shares of Alexandria Real Estate Equities by 395.0% during the 1st quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 790 shares during the period. First Personal Financial Services lifted its holdings in shares of Alexandria Real Estate Equities by 28.6% during the 1st quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 229 shares during the period. Muzinich & Co. Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 30.4% during the 2nd quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 220 shares during the period. Capital Analysts LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $125,000. Finally, Invictus RG bought a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $133,000.

ARE has been the subject of several recent analyst reports. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Tuesday, July 18th. Finally, Barclays PLC raised their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average target price of $124.60.

Alexandria Real Estate Equities Company Profile

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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