Alexandria Real Estate Equities Inc (NYSE:ARE) EVP Sells $553,792.50 in Stock

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.



Large investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter valued at $30,000. FinTrust Capital Advisors LLC grew its position in Alexandria Real Estate Equities by 275.9% during the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 160 shares in the last quarter. Meeder Asset Management Inc. grew its position in Alexandria Real Estate Equities by 883.3% during the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 265 shares in the last quarter. Signaturefd LLC grew its position in Alexandria Real Estate Equities by 41.0% during the first quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 132 shares in the last quarter. Finally, SRS Capital Advisors Inc. purchased a new position in Alexandria Real Estate Equities during the second quarter worth about $95,000. Institutional investors own 97.03% of the company’s stock.

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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