Alexandria Real Estate Equities Inc (NYSE:ARE) EVP Sells $206,448.00 in Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) EVP Marc E. Binda sold 1,200 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $172.04, for a total value of $206,448.00. Following the completion of the sale, the executive vice president now directly owns 48,966 shares of the company’s stock, valued at approximately $8,424,110.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

ARE stock traded up $1.35 during midday trading on Friday, hitting $174.93. 463,500 shares of the company’s stock were exchanged, compared to its average volume of 968,594. The business has a 50-day simple moving average of $163.34 and a two-hundred day simple moving average of $156.30. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $20.93 billion, a PE ratio of 56.61, a P/E/G ratio of 5.08 and a beta of 0.76. Alexandria Real Estate Equities Inc has a 1-year low of $133.38 and a 1-year high of $175.02.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, February 3rd. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.04). The business had revenue of $408.11 million for the quarter, compared to analyst estimates of $398.98 million. Alexandria Real Estate Equities had a return on equity of 4.07% and a net margin of 23.72%. Alexandria Real Estate Equities’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS. As a group, research analysts expect that Alexandria Real Estate Equities Inc will post 7.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $1.03 per share. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, December 30th. This represents a $4.12 annualized dividend and a yield of 2.36%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 59.20%.

A number of hedge funds have recently bought and sold shares of the business. Muzinich & Co. Inc. boosted its position in shares of Alexandria Real Estate Equities by 14.5% during the fourth quarter. Muzinich & Co. Inc. now owns 513 shares of the real estate investment trust’s stock worth $83,000 after buying an additional 65 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Alexandria Real Estate Equities by 0.7% during the fourth quarter. Dai Ichi Life Insurance Company Ltd now owns 9,475 shares of the real estate investment trust’s stock worth $1,531,000 after buying an additional 67 shares during the period. Parallel Advisors LLC boosted its position in shares of Alexandria Real Estate Equities by 46.9% during the fourth quarter. Parallel Advisors LLC now owns 235 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 75 shares during the period. Steward Partners Investment Advisory LLC boosted its position in shares of Alexandria Real Estate Equities by 36.1% during the third quarter. Steward Partners Investment Advisory LLC now owns 294 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 78 shares during the period. Finally, Personal Capital Advisors Corp boosted its position in shares of Alexandria Real Estate Equities by 5.1% during the fourth quarter. Personal Capital Advisors Corp now owns 1,751 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 85 shares during the period. 93.34% of the stock is owned by institutional investors.

Several research firms recently commented on ARE. Citigroup increased their price target on Alexandria Real Estate Equities from $178.00 to $195.00 and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada cut Alexandria Real Estate Equities from a “top pick” rating to an “outperform” rating and increased their price target for the company from $155.00 to $165.00 in a report on Wednesday, December 18th. JPMorgan Chase & Co. raised Alexandria Real Estate Equities from a “neutral” rating to an “overweight” rating and increased their price target for the company from $147.00 to $169.00 in a report on Wednesday, December 18th. Raymond James set a $26.00 price target on Alexandria Real Estate Equities and gave the company a “strong-buy” rating in a report on Saturday, December 21st. Finally, Evercore ISI began coverage on Alexandria Real Estate Equities in a report on Friday, February 7th. They issued a “buy” rating and a $182.00 price target for the company. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average target price of $134.69.

Alexandria Real Estate Equities Company Profile

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.

Featured Article: Buy Rating

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.