Thomas J. Andrews Sells 5,000 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the transaction, the executive vice president now owns 158,000 shares of the company’s stock, valued at approximately $19,051,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.15% on Friday, hitting $119.16. The stock had a trading volume of 112,186 shares. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The firm’s 50-day moving average is $120.48 and its 200 day moving average is $117.23. The stock has a market cap of $11.16 billion, a P/E ratio of 268.98 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, meeting the 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 net margin of 9.45% and a return on equity of 3.11%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.36 earnings per share. Equities analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current year.

The business also recently announced 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 dividend yield of 2.88%. Alexandria Real Estate Equities’s payout ratio is presently 860.02%.

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A number of analysts recently commented on the company. 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 report on Thursday, August 10th. Finally, Barclays PLC raised their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $128.25.

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Alexandria Real Estate Equities by 14.7% during the second quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock worth $240,656,000 after buying an additional 255,378 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Alexandria Real Estate Equities by 181.2% during the second quarter. Bank of Montreal Can now owns 154,899 shares of the real estate investment trust’s stock worth $18,660,000 after buying an additional 99,817 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Alexandria Real Estate Equities by 13.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,766 shares of the real estate investment trust’s stock worth $21,656,000 after buying an additional 21,974 shares during the last quarter. Sei Investments Co. grew its stake in shares of Alexandria Real Estate Equities by 1.4% during the second quarter. Sei Investments Co. now owns 169,774 shares of the real estate investment trust’s stock worth $20,453,000 after buying an additional 2,399 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth $454,000.

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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