Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director James P. Cain Acquires 100 Shares

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director James P. Cain acquired 100 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, June 2nd. The shares were bought at an average cost of $119.39 per share, with a total value of $11,939.00. Following the transaction, the director now owns 3,228 shares in the company, valued at $385,390.92. The purchase was disclosed in a filing with the SEC, which is available through this link.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.20% during midday trading on Tuesday, hitting $121.01. The stock had a trading volume of 538,782 shares. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The firm has a 50 day moving average of $119.90 and a 200 day moving average of $115.67. The firm’s market cap is $11.02 billion.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. The business had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.84%. The ex-dividend date was Wednesday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s payout ratio is presently -205.99%.

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Several analysts have recently commented on the stock. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Barclays PLC lifted their price target on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, April 19th. BidaskClub downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $122.38.

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Alexandria Real Estate Equities by 3,165.7% in the first quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock valued at $922,867,000 after buying an additional 8,094,530 shares during the period. Vanguard Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock valued at $1,630,446,000 after buying an additional 2,504,746 shares during the period. State Street Corp boosted its position in shares of Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after buying an additional 1,186,353 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Alexandria Real Estate Equities by 152.5% in the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock valued at $192,555,000 after buying an additional 1,052,130 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Alexandria Real Estate Equities by 159.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,266,286 shares of the real estate investment trust’s stock valued at $139,950,000 after buying an additional 777,356 shares during the period.

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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