Alexandria Real Estate Equities Inc (ARE) CEO Sells $938,175.00 in Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) CEO Stephen Richardson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $125.09, for a total value of $938,175.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of ARE traded up $3.54 during midday trading on Thursday, reaching $127.08. 1,264,800 shares of the stock were exchanged, compared to its average volume of 650,409. Alexandria Real Estate Equities Inc has a 12-month low of $114.00 and a 12-month high of $134.37. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $13.28 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.89 and a beta of 0.72.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 29th. The real estate investment trust reported $1.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a return on equity of 6.50% and a net margin of 34.48%. The business had revenue of $341.80 million for the quarter, compared to the consensus estimate of $343.42 million. During the same period last year, the business earned $1.51 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts expect that Alexandria Real Estate Equities Inc will post 6.62 earnings per share for the current fiscal year.



The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. The ex-dividend date is Friday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 61.79%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $139.00 price target for the company in a research note on Monday. Barclays cut their price target on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and raised their price target for the stock from $133.00 to $144.00 in a research note on Monday. Finally, Evercore ISI set a $148.00 price target on Alexandria Real Estate Equities and gave the stock a “buy” rating in a research note on Monday, October 15th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and an average target price of $120.34.

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Alexandria Real Estate Equities by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,605,056 shares of the real estate investment trust’s stock worth $2,088,750,000 after buying an additional 377,569 shares during the period. Legal & General Group Plc increased its position in Alexandria Real Estate Equities by 2.7% in the 3rd quarter. Legal & General Group Plc now owns 863,800 shares of the real estate investment trust’s stock worth $108,658,000 after buying an additional 22,921 shares during the period. Standard Life Aberdeen plc increased its position in Alexandria Real Estate Equities by 4.3% in the 3rd quarter. Standard Life Aberdeen plc now owns 834,443 shares of the real estate investment trust’s stock worth $104,965,000 after buying an additional 34,494 shares during the period. Nordea Investment Management AB bought a new position in Alexandria Real Estate Equities in the 3rd quarter worth approximately $36,824,000. Finally, Teachers Advisors LLC increased its position in Alexandria Real Estate Equities by 8.0% in the 3rd quarter. Teachers Advisors LLC now owns 617,590 shares of the real estate investment trust’s stock worth $77,687,000 after buying an additional 45,755 shares during the period.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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