Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Sells $602,900.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $120.58, for a total value 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Alexandria Real Estate Equities, Inc. (ARE) traded down 1.07% during midday trading on Friday, hitting $118.06. The company had a trading volume of 805,821 shares. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The company has a 50 day moving average price of $120.48 and a 200 day moving average price of $117.23. The firm has a market capitalization of $11.05 billion, a P/E ratio of 266.50 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting 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 business had revenue of $273.10 million for the quarter, compared to the consensus estimate of $277.40 million. During the same quarter last year, the firm posted $1.36 EPS. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its stake in Alexandria Real Estate Equities by 2.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 271,217 shares of the real estate investment trust’s stock worth $32,674,000 after buying an additional 6,600 shares during the period. Toronto Dominion Bank increased its stake in Alexandria Real Estate Equities by 29.1% during the 2nd quarter. Toronto Dominion Bank now owns 30,825 shares of the real estate investment trust’s stock worth $3,713,000 after buying an additional 6,945 shares during the period. Cetera Investment Advisers purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter worth $759,000. WINTON GROUP Ltd purchased a new stake in Alexandria Real Estate Equities during the 2nd quarter worth $562,000. Finally, Millie Capital Management LLC increased its stake in Alexandria Real Estate Equities by 0.8% during the 2nd quarter. Millie Capital Management LLC now owns 23,973 shares of the real estate investment trust’s stock worth $2,888,000 after buying an additional 186 shares during the period.

A number of research firms have recently weighed in on ARE. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, 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 research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $128.25.

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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