Alexandria Real Estate Equities Inc (ARE) Insider Sells $1,246,300.00 in Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) insider Joel S. Marcus sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $124.63, for a total transaction of $1,246,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE ARE opened at $127.08 on Friday. Alexandria Real Estate Equities Inc has a 52 week low of $114.00 and a 52 week high of $134.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $13.28 billion, a PE ratio of 21.11, a PEG ratio of 2.89 and a beta of 0.72.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $1.50. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. The business had revenue of $341.80 million for the quarter, compared to analysts’ expectations of $343.42 million. During the same period in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.62 earnings per share for the current year.



The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.97 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, December 28th. Alexandria Real Estate Equities’s payout ratio is presently 61.79%.

A number of brokerages have weighed in on ARE. ValuEngine raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Monday, October 29th. Evercore ISI set a $148.00 price target on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a research report on Monday, October 15th. Citigroup raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and lifted their price target for the company from $133.00 to $144.00 in a research report on Monday. Finally, Barclays reduced their price target on shares of Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating on the stock in a research report on Monday. Eight investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $120.34.

Several hedge funds and other institutional investors have recently bought and sold shares of ARE. Advisors Preferred LLC raised its holdings in Alexandria Real Estate Equities by 142.3% in the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 505 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at $164,000. NumerixS Investment Technologies Inc acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at $177,000. Private Advisor Group LLC acquired a new stake in Alexandria Real Estate Equities in the second quarter valued at $206,000. Finally, Alethea Capital Management LLC acquired a new stake in Alexandria Real Estate Equities in the third quarter valued at $207,000.

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Alexandria Real Estate Equities Company Profile

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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Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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