Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director Purchases $11,939.00 in Stock

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

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.02% during midday trading on Thursday, reaching $122.07. 556,098 shares of the company’s stock were exchanged. Alexandria Real Estate Equities, Inc. has a 12-month low of $101.51 and a 12-month high of $123.18. The stock’s 50 day moving average is $119.40 and its 200-day moving average is $115.10. The stock’s market cap is $11.12 billion.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a negative net margin of 5.03% and a positive return on equity of 0.22%. The business had revenue of $270.90 million for the quarter, compared to the consensus estimate of $261.67 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. The business’s revenue for the quarter was up 25.4% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.86 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.82%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio is currently -205.99%.

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Several research firms have recently weighed in on ARE. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a research report on Tuesday. Barclays PLC lifted their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $122.38.

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $510,000. Ladenburg Thalmann Financial Services Inc. increased its position in Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 41 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Alexandria Real Estate Equities by 8.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 17,100 shares of the real estate investment trust’s stock valued at $1,900,000 after buying an additional 1,300 shares in the last quarter. Norges Bank bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $79,483,000. Finally, Quadrature Capital Ltd bought a new position in Alexandria Real Estate Equities during the fourth quarter valued at approximately $1,265,000.

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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