Alexandria Real Estate Equities Inc (NYSE:ARE) EVP Marc E. Binda sold 3,775 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $146.70, for a total value of $553,792.50. Following the completion of the sale, the executive vice president now owns 35,794 shares in the company, valued at $5,250,979.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
NYSE:ARE opened at $143.38 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities Inc has a 52-week low of $109.04 and a 52-week high of $153.51. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 4.29 and a beta of 0.74. The company’s fifty day moving average is $144.10.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The company had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current fiscal year.
Several analysts have issued reports on ARE shares. JPMorgan Chase & Co. boosted their target price on Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday. GMP Securities restated an “average” rating and issued a $26.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st. Citigroup boosted their target price on Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. Finally, ValuEngine lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Seven equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Alexandria Real Estate Equities presently has an average rating of “Hold” and an average price target of $105.67.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.
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