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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $120.41, for a total value of $602,050.00. Following the sale, the executive vice president now directly owns 153,000 shares in the company, valued at $18,422,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 117.48 on Friday. The firm’s 50 day moving average is $120.48 and its 200 day moving average is $117.23. The company has a market cap of $11.00 billion, a PE ratio of 265.19 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 12 month low of $101.51 and a 12 month 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 (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.50. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. Alexandria Real Estate Equities’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business earned $1.36 EPS. On average, equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current 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 paid a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.93%. Alexandria Real Estate Equities’s dividend payout ratio is currently 860.02%.

COPYRIGHT VIOLATION NOTICE: This news story was posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.truebluetribune.com/2017/09/29/alexandria-real-estate-equities-inc-are-evp-thomas-j-andrews-sells-5000-shares-of-stock-2.html.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Barclays PLC boosted their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Finally, BidaskClub downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $128.25.

A number of large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC increased its stake 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 purchasing an additional 8 shares in the last quarter. Gateway Investment Advisers LLC increased its stake 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 purchasing an additional 23 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake 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 purchasing an additional 25 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake 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 purchasing an additional 47 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its stake in Alexandria Real Estate Equities by 1.1% during the 1st quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $593,000 after purchasing an additional 57 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)

Receive News & Ratings for Alexandria Real Estate Equities Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alexandria Real Estate Equities Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published.

twenty − eighteen =