Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus Sells 13,893 Shares

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total value of $1,684,109.46. Following the completion of the transaction, the chief executive officer now directly owns 705,829 shares in the company, valued at $85,560,591.38. The sale was disclosed in a filing with the SEC, which is available through this link.

Shares of Alexandria Real Estate Equities, Inc. (ARE) opened at 120.58 on Tuesday. The company has a market capitalization of $11.29 billion, a P/E ratio of 272.19 and a beta of 0.86. The stock’s 50 day moving average price is $119.97 and its 200-day moving average price is $115.75. 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 released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.50. The business had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the business posted $1.36 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a dividend yield of 2.85%. Alexandria Real Estate Equities’s payout ratio is 860.02%.

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A number of brokerages have commented on ARE. TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Barclays PLC upped their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average price target of $122.71.

Institutional investors have recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Alexandria Real Estate Equities by 7.0% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,380 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 220 shares during the period. American Century Companies Inc. boosted its position in shares of Alexandria Real Estate Equities by 4.4% in the second quarter. American Century Companies Inc. now owns 556,123 shares of the real estate investment trust’s stock valued at $66,996,000 after buying an additional 23,213 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Alexandria Real Estate Equities by 3.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 304,132 shares of the real estate investment trust’s stock valued at $36,639,000 after buying an additional 9,987 shares during the period. GAM Holding AG boosted its position in shares of Alexandria Real Estate Equities by 3.0% in the second quarter. GAM Holding AG now owns 11,593 shares of the real estate investment trust’s stock valued at $1,397,000 after buying an additional 335 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its position in shares of Alexandria Real Estate Equities by 11.8% in the second quarter. Virginia Retirement Systems ET AL now owns 33,200 shares of the real estate investment trust’s stock valued at $4,000,000 after buying an additional 3,500 shares during the period.

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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